The 10 Countries Whose Odds Of Default Just Jumped The Most

washington monument

Photo: US Navy

Markit Credit Research just came out with its Q2 overview of the sovereign CDS market, looking at which countries are seen by investors as having the highest odds of default.Among the lists it put out: The countries who have seen their CDS widen the most. So these aren’t necessarily the worst countries, just the countries who had the worst quarter.

Some are familiar names (Greece, Portugal) and some are shocker like… you guessed it (thank you, debt ceiling!)

Note that the 5Y spread in each case represents the cost of insuring $1 million worth of debt from that country. The countries are ranked by the size of the jump. For many the odds of default still remain small.


5Y spread: 147

% change in Q2: 27%

Source: Markit


5Y spread: 53

% change in Q2: 28%

Source: Markit


5Y spread: 191

% change in Q2: 28%

Source: Markit


5Y spread: 39

% change in Q2: 30%

Source: Markit


5Y spread: 97

% change in Q2: 31%

Source: Markit


5Y spread: 108

% change in Q2: 32%

Source: Markit


5Y spread: 794

% change in Q2: 37%

Source: Markit


5Y spread: 112

% change in Q2: 40%

Source: Markit

Hong Kong

5Y spread: 60

% change in Q2: 40%

Source: Markit


5Y spread: 1990

% change in Q2: 100%

Source: Markit

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at