18
Nov
09

CDS soberanos

FT Alphaville postea una comparación entre la liquidez  de los CDS -a nivel colectivo- de los mercados desarrollados y emergentes.

Tal vez lo mas rescatable como concepto es lo siguiente:

Remember that, in general, the more liquid sovereign CDS is, the more it is showing signs of financial stress, possibly combined with a significant amount of outstanding national debt and/or changes in its capital structure. Relatively liquid CDS is also a hint that there is agreement within the market about present value, but disagreement about future value due to heightened uncertainty surrounding the country.

Nota completa


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