RIO DE JANEIRO, BRAZIL - With the increase in the risk premium in local markets, as in the exchange and in the future interest markets due to lower demand for risk assets abroad, Brazil's risk measured by the spread of five-year contracts of credit default swap (CDS) is at its highest levels since April.
On October 6, the indicator stood at 208 base points, stable compared to Monday's closing, according to IHS Markit data. The Brazilian five-year CDS has been operating above the 200-point level since September 24.
The last time the CDS was this high . . .
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