The Economist gives us a fun-filled chart of how our states’ credit default swaps match up against those of various European nations. It seems that California bonds are now more expensive to insure than Italian debt, though deemed as less risky than Spanish debt.
Remember, with CDS spreads, it’s like golf- the lower the number the better. Also, these swap prices were as of Tuesday I believe, so if anything, the Spanish stuff probably even wider today.
Source:
… [Trackback]
[…] Here you can find 36870 additional Information on that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]
… [Trackback]
[…] Info to that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]
… [Trackback]
[…] Find More Information here on that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]
… [Trackback]
[…] Here you will find 36507 additional Information to that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2010/11/26/crisis-contest-european-nations-vs-american-states/ […]