By Bondsquawk:
European soverign credit markets are showing further distress with Greece 5yr CDS breaking fiercely through 500 level…currently trading at 540. Other weaker European names including Spain and Portugal are also trading worse by a fair amount. We have even heard of new buyers of Ireland and Italy credit protection as the contagion is clearly spreading. Here is where everything was last seen trading:
| Country | 5yr CDS | 1 day Chg | 5 day Chg |
| —————— | ————- | —– | —— |
| AUSTRIA (100) | 65/69 | 2 | 8 |
| BELGIUM (25) | 69/73 | 4 | 10 |
| DENMARK (25) | 39/43 | 4 | 5 |
| FINLAND (25) | 31/34 | 4 | 6 |
| FRANCE (25) | 60/63 | 4 | 8 |
| GERMANY (25) | 36/38 | 1 | 4 |
| GREECE (100) | 530/590 | 85 | 145 |
| IRELAND (100) | 170/180 | 22 | 28 |
| ITALY (100) | 142/152 | 15 | 19 |
| NETHERLANDS (25) | 38/42 | 4 | 4 |
| NORWAY (25) | 15/19 | 0 | 0 |
| PORTUGAL (100) | 240/280 | 30 | 75 |
| SPAIN (100) | 170/180 | 15 | 29 |
| SWEDEN (100) | 34/38 | 1 | 2 |
| UK (100) | 72/78 | 1 | 1 |
| USA (25) | 37/43 | 0 | 2 |
Anyone see any similarities between the following 2 charts?
Greece 5yr CDS as of 9:30am EST
Lehman 5yr CDS Before Bankruptcy
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.