Current Portuguese credit curve

The current credit curve for Portugal as measured by credit default swaps

Portugal CDS imply 70% default probability

Fears over a Portuguese default are driving investor concerns and leading to soaring bond yields and swap prices.

Portugal reaches new high on default concerns

PIG swaps at record

Yesterday, Greece reported a deficit of 10.5%, higher than the 9.4% of just a couple months ago and Greek CDS continued its upward trend.

What country’s default probability rose 19% last month?

Hint: the earthquake in Japan may have dominated the newswires but the country still has sizable reserves to fall back on unlike some other countries.

Weekly: Large trading in Portugal CDS

A record 308 credit default swap contracts spanning $5.3 billion in gross notional value protecting the sovereign debt of the Portuguese Republic traded last week.

Sara Lee, European sovereign CDS tighter

Some of the active names to close out last week and begin this Martin Luther King Jr. holiday-shortened week in American credit markets.

Commerzbank CDS reaches new record high

It has not even been 2 weeks into the new year, and yet another bank has experienced an enormous increase in its traded credit risk.

Ukraine & Latvia see biggest fall in credit risk

As measured by sovereign CDS over the year according to CMA Datavision.

Western European nation CDS rises past the east

Credit default swaps on western European nations has exceeded that of CDS on central and eastern European, Middle Eastern and African nations for the first time according to the WSJ.