Economy / Serbia
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5-Year CDS To Contract To 180bps
June 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In line with our core view, the Serbian 5-Year credit default swap (CDS) has broken through a key resistance level at 230bps on June 4, contracting further to at one point trade at 211bps on June 6. Going forward, we believe that further contraction of the spread lies ahead with our short-term target set at 180bps. If a firm breach of this level occurs, we see the potential for a move back to 150bps.