Sovereign Bears In Retreat
The sovereign CDS market has captured the headlines in recent times by highlighting fiscal deterioration in several European countries. But the past week has seen an emphatic rally, driven by a combination of technical and fundamental factors. The Markit SovX Western Europe index, a key barometer of European sovereign risk, tightened to 76basis points today.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
