CDS historical data

5 Years Credit Default Swaps
up to 100
up to 300
more
Last Update:
13 Jun 2024 1:45 GMT+0

A Credit Default Swap (CDS) is a financial derivative that allows an investor to "swap" or offset their credit risk with that of another investor. Essentially, a CDS is a form of insurance against the default of a borrower.

The buyer of a CDS makes periodic payments to the seller, and in return, receives a payoff if the underlying financial instrument, such as a bond or loan, defaults. This derivative is widely used by financial institutions to hedge against the risk of default and by speculators to bet on the creditworthiness of an entity.

The price or premium of a CDS is a direct indicator of the perceived risk of default by the reference entity. If the cost of a CDS increases, it signals that the market perceives a higher risk of default for the underlying asset. Conversely, a lower CDS premium suggests that the entity is considered less likely to default.

Therefore, CDS spreads are closely watched by investors and analysts as they provide real-time market sentiment on credit risk and financial stability.

CDS also play a significant role in the broader financial system by providing a mechanism for managing credit risk and enhancing liquidity in credit markets. However, they have also been criticized for their role in the financial crisis of 2008, as their misuse and the lack of transparency contributed to systemic risk. Despite this, CDS remain an important tool in modern finance, offering insights into credit risk and helping investors manage potential losses.

Swipe left to see all data
Rating
5 Years Credit Default Swaps
Country S&P 5Y CDS Var 1m Var 6m PD (*) Date
Switzerland AAA 5.93 +7.43 % -21.04 % 0.10 % 12 Jun
Germany AAA 7.99 n.a. -52.38 % 0.13 % 12 Jun
Denmark AAA 9.37 n.a. -1.06 % 0.16 % 11 Jun
Netherlands AAA 10.04 n.a. -26.66 % 0.17 % 11 Jun
Sweden AAA 12.79 n.a. -20.06 % 0.21 % 11 Jun
Australia AAA 13.17 +0.15 % -25.21 % 0.22 % 13 Jun
Austria AA+ 13.34 n.a. -16.42 % 0.22 % 11 Jun
Finland AA+ 18.12 n.a. -16.73 % 0.30 % 11 Jun
Belgium AA 18.58 n.a. -14.22 % 0.31 % 11 Jun
Ireland AA 18.77 n.a. -28.17 % 0.31 % 11 Jun
Japan A+ 21.60 n.a. -15.29 % 0.36 % 12 Jun
United Kingdom AA 24.25 -7.83 % -31.01 % 0.40 % 12 Jun
France AA- 25.49 +1.96 % +1.96 % 0.42 % 12 Jun
Portugal A- 34.46 n.a. -27.38 % 0.57 % 11 Jun
South Korea AA 35.15 +0.17 % +25.13 % 0.59 % 12 Jun
Spain A 35.84 -0.06 % -24.18 % 0.60 % 12 Jun
United States AA+ 36.42 -1.19 % -14.89 % 0.61 % 13 Jun
Canada AAA 39.60 0.00 % 0.00 % 0.66 % 12 Jun
China A+ 64.14 n.a. +3.59 % 1.07 % 13 Jun
Greece BBB- 64.76 +5.56 % -7.88 % 1.08 % 12 Jun
Italy BBB 64.79 +4.79 % -23.93 % 1.08 % 13 Jun
Indonesia BBB 71.21 n.a. -4.48 % 1.19 % 12 Jun
India BBB- 84.11 0.00 % +1.46 % 1.40 % 12 Jun
Mexico BBB 106.92 +14.88 % +12.49 % 1.78 % 13 Jun
Israel A+ 120.84 -5.45 % +9.90 % 2.01 % 12 Jun
Brazil BB 146.37 +5.74 % -1.19 % 2.44 % 12 Jun
South Africa BB- 228.17 +0.84 % -0.87 % 3.80 % 12 Jun
Turkey B+ 260.31 -3.51 % -19.51 % 4.34 % 13 Jun
Egypt B- 575.80 n.a. -54.66 % 9.60 % 12 Jun
Russia NR 13775.17 0.00 % 0.00 % 100.00 % 13 Jun
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.