Eurozone government bonds risk index rose to a five-week high
YORK August 12 evening news, data provider, said Thursday CMA, used to measure the risk of a euro-zone government bonds rose to its highest level since five weeks because of economic growth up reduce costs led to the banking rescue the situation, the market worried about the region's sovereign debt crisis will worsen.
CMA, said the 15 euro zone countries for tracking credit default swaps of Markit iTraxx SovX Western Europe Index Index today rose 4 basis points to 140 basis points, which is the index for the seventh straight trading Japanese rose, the highest since July 7 the highest level since. Previously, the index had hit on August 3 the three-month low of 109.5 basis points.
credit default swaps is derived from the credit card loans as a financial derivative products, can be seen as a breach of financial assets, insurance, creditor debt risk by selling this contract, the contract price is the premiums. In the credit default swap, a price point equal to one thousand U.S. dollars per year, may protect the 10 million U.S. dollars of bonds in the five years from breach of contract. (Civil and military)
