Economy / Russia
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5-Year Credit Default Swap Looking Precarious
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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The Ukrainian 5-Year Credit Default Swap (CDS) is looking decidedly precarious, having risen by 58bps since May 30 to at one point reach 347bps on June 19 - a level last seen in December 2004. The spread is edging closer towards the top end of its trend channel, with a firm breach of trendline resistance at 350bps setting up further widening towards the all-time high of 383bps (25 November 2004).