CDS Pricing on PIGS Sovereign Debt Is Skyrocketing

filed in Daily Buzz News on Feb.28, 2010

Amazing how the cost has spiked even higher than the worst we saw at the pinnacle of disaster in late 2008. CDS pricing to insure against default on the sovereign debt of the PIGS is skyrocketing.

The chart below provides a good view of just how bad it really is. Not a pretty picture..

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