"Although much of the focus has been on the burgeoning European debt crisis, the problems are not confined to that region alone. Indeed, as the following chart shows, spreads of credit default swaps, or CDS (which are, loosely speaking, a form of insurance against default), on the debt of government borrowers around the world have been climbing rapidly, signalling growing apprehension over sovereign creditworthiness.
Admittedly, the average's recent readings have been skewed by the ultra-wide spreads on eurozone basket cases like Greece and Portugal. But for anyone who's been paying attention (equity traders excluded), there's little doubt that things have been going from bad to worse..."
at http://www.financialarmageddon.com/2011/09/growing-apprehension-over-sovereign-creditworthiness.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+financialarmageddon+%28Financial+Armageddon%29
Admittedly, the average's recent readings have been skewed by the ultra-wide spreads on eurozone basket cases like Greece and Portugal. But for anyone who's been paying attention (equity traders excluded), there's little doubt that things have been going from bad to worse..."
at http://www.financialarmageddon.com/2011/09/growing-apprehension-over-sovereign-creditworthiness.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+financialarmageddon+%28Financial+Armageddon%29
