"Here are a few charts from the credit default swaps market based on 5-year CDS. Here’s what I see.
First, in the sovereign space, the UK was the biggest widener on the day, but the default probability is only 8%. I don’t see this as anything to note. On the other hand, if you look at the numbers for Belgium, and France and Austria to a degree, the default probabilities are getting worrisome. When thinking about sovereign contagion, those are the three countries to think about..."
at http://www.creditwritedowns.com/2011/10/belgium-spanish-bank-cds.html
First, in the sovereign space, the UK was the biggest widener on the day, but the default probability is only 8%. I don’t see this as anything to note. On the other hand, if you look at the numbers for Belgium, and France and Austria to a degree, the default probabilities are getting worrisome. When thinking about sovereign contagion, those are the three countries to think about..."
at http://www.creditwritedowns.com/2011/10/belgium-spanish-bank-cds.html
