RIO DE JANEIRO, BRAZIL - Along with the increase in the risk premium in other financial indicators, the Brazil risk measured by the five-year credit default swap (CDS) contract spread has once again traded above 200 points and, this morning, stood at 212 points, according to data from IHS Markit.
This value reveals a 3.54% implied probability of default, on a 40% recovery rate supposed.
The CDS, short for Credit Default Swap, is a financial market bond that works as insurance. It is issued by financial institutions and guarantees its holder loss coverage in case of default in the . . .
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