Just to keep you in the loop, the CBA CDS price rose yesterday to 83.50bps close to but not through the year’s high:
Credit default swaps (CDS) prices are the cost to insure underlying 5 year bonds and reflect the spread to swap.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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