Economy / Czech Republic
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CDS: Further Widening Lies Ahead
July 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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BMI's short-term view on European external debt markets has played out, with significant spread widening occurring in many of the region's benchmark 5-year credit default swaps (CDS). Going forward, we see little that will provide support to emerging Europe's CDS markets, and believe that further widening across the board lies ahead.