NEW YORK--(BUSINESS WIRE)--Link to Fitch Solutions' Report: Fitch Solutions' Risk and Performance Monitor
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675395
Credit default swap (CDS) spread performance is showing signs of divergence globally, according to Fitch Solutions in its latest Risk and Performance Monitor.
CDS spreads on European sovereigns widened 3% last week. 'The Netherlands saw the most CDS underperformance, with spreads widening 15%,' said Author and Director Diana Allmendinger. 'CDS on Portugal bucked the trend by tightening 8% but are continuing to price at the widest levels among European sovereigns.'
Spreads on Asian sovereigns also came out, with Indonesia, Malaysia and Korea all widening between 7% and 10%. Conversely, CDS on North America tightened slightly.
Fitch Solutions' Risk and Performance Monitor is a report that gauges CDS market sentiment and spread movement among major companies and sovereigns throughout the world on a weekly basis. The Risk and Performance Monitor is part of Fitch Solutions' Risk and Performance Platform, which provides a single point of access for CDS pricing data, market indicators of credit quality from a suite of market implied ratings models, as well as portfolio monitoring features.
The 'Fitch Risk and Performance Monitor' is available by clicking on the above link.
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Fitch Solutions, a division of the Fitch Group, focuses on the development of fixed-income products and services, bringing to market a wide range of data, analytical tools and related services. The division is also the distribution channel for Fitch Ratings content.
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