Photo: ulrich_berkner via flickr
Government debt is Topic A in conversations all around the world from Europe to Japan to the US, and lately even China.But the market isn’t concerned about everyone.
The latest quarterly report from Markit ranks the Top 10 Sovereign CDS — the countries where the CDS market is pricing the lowest odds of default.
It’s an interesting mix. Some countries are old standby safehavens, still deemed to be the place to go in turbulent waters. Others, by dint of their unique political setup (hello, Scandinavia!) are also on the list.
One common theme: Borrowing in your own currency is a big advantage.