Ugly European Sovereign CDS Rerack

Tyler Durden's picture

An ugly day all around as European sovereign CDS jump the most in three weeks...

                      5Y                        10Y             5/10's
ITALY          374/382  +15      365/385         -10/0
SPAIN         432/440  +15      426/446          -5/5
PORTUGAL    34.5/35.5 0           37.75/40.75      3.5/6.5
IRELAND      608/620  +6.5        529/599         -90/-10
GREECE        66%/76%   0        66%/79%         0%/3%
BELGIUM      225/235  +7          213/233            2/14
FRANCE       174/178  +9         198/206             22/26
AUSTRIA    164/170  +9       182.5/192.5       18/23
UK               63.5/66.5 +2.5     81/87                17/21
GERMANY     74/77   +5.5        97.5/103.5        22/26

Italy, Spain, Ireland, and Belgium remain inverted - i.e. not bullish!

 

Note Spain is now getting back close to record wides again...

Charts: Bloomberg