The Water's Fine in the Sovereign Pond

By Paul Kedrosky · Wednesday, March 25, 2009 ·

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.

cma-us 

Western Europe

cma-europe

Eastern Europe

cma-east