Recent Sovereign Credit Risk Comparison

Amazing how the world can turn on a dime, credit wise.  Interesting look at the 5-year CDS sorted from the least risky to the most risky countries in the wake of the European Debt Crisis, Middle East Revolutions, and the Earthquake, Tsunami and Nuclear Meltdown in Japan.

The US has regained the lead relative to Germany and Japan which it has not held since before the financial crisis.  However, the Nordic countries have become the worlds safe haven.  Amazing, though, that despite the size of the US deficit that the cost to insure against default on Treasuries is as low today than at any time in the last 2.5 years.

Funny how the cost of protection for Iceland whose economic collapse painted the news cycle just over 2 years ago is actually now lower than the PIGS, Portugal, Ireland, Greece and Spain.

Enjoy the data!

Bloomberg Screen SOVR (Part 1 4.5.11)

Bloomberg Screen SOVR (Part 2 4.5.11)

Bloomberg Screen SOVR (Part 3 4.5.11)


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