December 28, 2007
Credit-Default Swap Spread for Pakistan’s Sovereign Bond
Here’s a chart of the credit-default swap spread for the five-year government bond in Pakistan. You can see that the market has been especially nervous about Pakistan going back to around the middle of this year (spiked up massively last July). Interestingly, the spread did not widen to the levels seen following the assassination attempt on Benazir Bhutto in October. The peak for this spread was 550 back on November 23, 2007.
Cat: | Time: 10:28 am (utc+8)