Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz

Saturday, April 10, 2010

Whose bonds would you buy?

CMA have released their first quarter report on sovereign debt ratings, as implied by market pricing of the 5-year default risk on government bonds. I give below a rearranged extract to show where the USA and the UK stand in relation to other countries.

It's worth noting that despite recent improvement, the UK is still out of the "AAA" bracket.

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