The European ABS Market- May 2012

21 May 2012

The elections in Greece and France, which both saw anti-austerity parties come into power, took their toll on an already struggling credit market which saw sovereign credit default swaps widen significantly.

The elections in Greece and France, which both saw anti-austerity parties come into power, took their toll on an already struggling credit market which saw sovereign credit default swaps widen significantly. French CDS widened from 180 bps to 220 bps in the space of a week, playing catch ...

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