Credit Default Swaps / Futures Markets


. CDS prices from Markit

. Federal Republic of Germany [see]. Note the change created by the Lehman Brothers crisis. As the flight-to-safety intesified with the worsening Eurozone crisis, CDS prices climbed. 

. Russian Federation [see]. A remarkable story. The country is perceived by the CDS market as very stable; oil prices are a key to Russia’s CDS prices. Look, on the longer-term chart, at what happened in 2009.


. Republic of Argentina [see]. Argentina defaulted on its sovereign debt in late 2001; since then, the country was unable to issue new debt at reasonable interest rates. Maybe the highest CSD prices in the world!


. CME VIDEO
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