Sovereign CDS Slump Continues

Credit default swap spreads on global sovereign debt widened for the third week in a row, according to Fitch Solutions.

Credit default swap spreads on global sovereign debt widened for the third week in a row, according to Fitch Solutions. European sovereigns widened 3.2%, led by Italy, Spain and Portugal, while Latin and South American widened 5%. Making a rebound were CDS on sovereigns in the Middle East and Africa, narrowing 2% and 7% respectively.

Click here to read the release from Fitch