Crisis Contest: European Nations vs American States

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:

Not Greek Yet (The Economist)

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  1. Eat Verts commented on Sep 21

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