A Tick Back Up in European CDS
July 08, 2014
By Uncategorized in
Credit default swaps (CDS)– the insurance against non-payment for fixed income products– have fallen across Europe since reaching highs in 2012:
![image](http://blog.gavekalcapital.com/wp-content/uploads/2014/07/5d2867b498224400822be29f96fe6c1e.png)
After the ECB’s early June announcement of extraordinary measures, CDS fell abruptly– but yields have creeped back towards pre-announcement levels in the last couple of weeks (especially in Portugal):
![image](http://blog.gavekalcapital.com/wp-content/uploads/2014/07/f7fa51f948b543cc907d8d6e2031ab27.png)
Tags > CDS, credit default swap, Europe