| Sovereign Credit-Default Swaps |
529.50
+5.84%
250.4
10.80
+4.51%
644.5
11.30
+1.78%
1033.6
16.50
+1.62%
353.2
14.90
+4.4%
This page provides a daily update of selected European credit-default swaps. Other essential rates can be found on the CNBC Bonds and Markets pages.
Note:Credit-default swaps are derivative financial instruments that "swap" the credit exposure from one entity to another. In simple terms it is an insurance policy for an entity's debt obligations. The buyer of the swap holds the insurance, while the seller takes the risk. The listed number is the price, in thousands, to insure $10 million in debt.
Although the markets for such instruments are somewhat illiquid, the prices and their movements are used by some to gauge the perceived creditworthiness of a particular entity, in this case, the sovereign nations listed above.
Note:Credit-default swaps are derivative financial instruments that "swap" the credit exposure from one entity to another. In simple terms it is an insurance policy for an entity's debt obligations. The buyer of the swap holds the insurance, while the seller takes the risk. The listed number is the price, in thousands, to insure $10 million in debt.
Although the markets for such instruments are somewhat illiquid, the prices and their movements are used by some to gauge the perceived creditworthiness of a particular entity, in this case, the sovereign nations listed above.
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