File:Sovereign credit default swaps.png

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Summary

DescriptionSovereign credit default swaps.png	English: Monthly sovereign credit default swap prices (5Y quotes) of selected European countries since January 2010 (price at end of each month). The left axis is in basis points; a level of 1,000 means it costs $1 million to protect $10 million of debt for five years. Data: CNBC (no historical data) If you know of another source with historical CDS quotes, please add it here, thanx. Original data sources: Greece, Portugal, Ireland, Hungary, Italy, Spain, Belgium, France, Germany, and the UK (not available anymore) Deutsch: Monatliche CDS-Preise von 2010 bis 2011. (Die Daten beziehen sich jeweils auf das Monatsende) Čeština: Měsíční CDS ceny vybraných států v letech 2010-2011.
Date	20 September 2011
Source	Own work
Author	Spitzl
Other versions	German version

Understanding the chart

The left axis is in basis points; there are 100 basis points to 1 percent. A basis point on a credit-default swap protecting $10 million of debt from default for five years costs $1,000 a year. So to protect $10 million of Greek debt when it costs 2,000 basis points is 2,000 x $1,000 = $2,000,000. There may also be initial fees on top of this amount, which may be quoted as a percentage of the amount covered.^[1]

References

↑ Bloomberg-Credit Swap Disclosure Obscures True Financial Risk-November, 2008

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File history

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	Date/Time	Dimensions	User	Comment
current	14:51, 24 October 2016	392 × 620 (71 KB)	Spitzl	update
	16:25, 2 July 2016	369 × 620 (73 KB)	Spitzl	update
	07:21, 4 December 2015	401 × 616 (74 KB)	Spitzl	update
	23:08, 29 April 2015	387 × 621 (73 KB)	Spitzl	update
	14:07, 8 February 2015	368 × 616 (71 KB)	Spitzl	update
	08:43, 7 October 2014	369 × 611 (73 KB)	Spitzl	update
	13:01, 1 April 2014	359 × 590 (69 KB)	Spitzl	update
	16:29, 2 January 2014	364 × 584 (80 KB)	Spitzl	update
	18:23, 20 October 2013	362 × 585 (65 KB)	Spitzl	update
	18:12, 8 August 2013	357 × 582 (67 KB)	Spitzl	update