Germany's 5Y Credit Default Swap Makes New 2-Year High (64 bps)
7/19/2011 02:10:00 AM
German 5Y CDS (CDBR1U5:IND at Bloomberg.com) made a new 2 year high yesterday at 65.61 basis points. I'm not sure what to make of it, but look at the snapshot of the chart going back to 2008. During the financial crisis German 5Y CDS hit a high of 91 bps.