Brazil-Risk jumps 14% to highest level since November

Country risk as measured by the spread on the country’s 5-year credit default swap (CDS) contracts has soared 14.02% since last Friday to 186 points, according to data compiled by Markit. This is also the highest level since November 6, when the spread reached 189 points. The indicator’s rise for Brazil is also much higher than that observed by other emerging economies in the same period. Mexico’s CDS spread rose 6.79%, Russia’s advanced 2.14%, South Africa’s rose 3.71% and Turkey’s 2.12%.

Source: Valor Investe