The Water’s Fine in the Sovereign Pond

Things have seen a remarkable turnaround in the sovereign risk pond, at least as measured by country credit defaults swaps (via CMA). After fear swept the land(s) back in late February, we are mostly back to levels seen near the beginning of the year. Hard not to wonder how long this will last, but it is a remarkable change in a short period.

U.S./U.K.

Western Europe

Eastern Europe

Related posts:

1. Homebuilders are Fine. Everyone Back in the Pool
2. Dropping a Rock in the Exchange Pond
3. Sovereign Wealth Funds => Stocks Weaken Faster
4. European Sovereign Credit Risk, 1750-1913
5. Warm Waters in Gulf of Mexico. Cat-in-a-Box Coverage, etc.