by Calculated Risk on 2/08/2010 02:20:00 PM
Monday, February 08, 2010
Spanish, Portuguese CDS spreads Hit New Records
From MarketWatch: Portugal, Greece, Spain default worries rise
The cost of insuring Spanish and Portuguese government debt against default via credit default swaps hit new records Monday, while the cost of insurance for Greek debt also rose, according to CMA DataVision.Whether or not this concern is justified, it shows investors are nervous.