Wednesday, December 3, 2014

3/12/2014: Russia, Ukraine CDS are climbing

As twitted earlier, Russia is figuring at the top of the daily movers charts in CDS markets today with its sovereign CDS spread on Germany up at 378.45 rising 6.36% d/d (+22.64bps) with current cumulative 5-year probability of default estimated at 22.76%.

Ukraine made it to number 3 in today's moves with its stats far far worse: 5 year spread at an eye-opening 1,779.20 bps up 3.01% d/d (+51.99 bps) and cumulative 5-year probability of default at 67.53%.

Big jumps for both on last week's close:

And massive jumps compared to Q1 2014:

(click on the chart to enlarge)
Note: all data via S&P Capital IQ

No comment on the data.

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