Friday, April 15, 2011

Greece Default Risk Trades to New High; Still No Big Concern About the U.S.

Seeking Alpha
April 14, 2011

As shown in the first chart below, 5-year credit default swaps for Greece sovereign debt just broke to a new high this week.


This breakout has put default risk for Greece higher than that of Venezuela, which had been the most risky country of the ones we track for some time.


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