These fancy, complex financial instruments called credit default swaps (CDS's) appear to be rearing their ugly head again. Check out the graphs below of 5 year prices.
"Sovereign debt default risk as measured by 5-year CDS prices has spiked for Hungary and the countries surrounding it today, but default risk for this region still remains well below levels seen in late 2008 and early 2009." Source: Bespoke
Entire article: http://www.bespokeinvest.com/thinkbig/2010/6/4/crisis-moves-to-hungary.html
"Sovereign debt default risk as measured by 5-year CDS prices has spiked for Hungary and the countries surrounding it today, but default risk for this region still remains well below levels seen in late 2008 and early 2009." Source: Bespoke
Entire article: http://www.bespokeinvest.com/thinkbig/2010/6/4/crisis-moves-to-hungary.html
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