Won Pulls Korean CDS Wider

06 Mar 2009

The poor performance of the Korean won—which reached a low of 1,600 against the U.S. dollar last week—is sending spreads on credit default swaps referencing the nation’s sovereign debt wider.

--Daniel Flatt

The poor performance of the Korean won—which reached a low of 1,600 against the U.S. dollar last week—is sending spreads on credit default swaps referencing the nation’s sovereign debt wider. Last week CDS on Korea were trading at 432 basis points, according to Markit data, but are ...

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