Chance Of Greek Default Skyrockets To Near 50%

CDS on Greek debt has surged this morning due to comments made by the country’s Prime Minister suggesting he might retreat from some austerity measures. Mohamed El-Erian’s comments from two days ago suggesting Greece will default in three years may also be having an impact.

The result of the stress on the government’s bonds and CDS prices is an increase in Greece’s CPD, or cumulative probability of default, to 47.33%, according to CMA Datavision.

Check out the 19 countries most likely to default >
CMA Datavision:

Greece CPD 1027

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