Some prospective on the US downgrade.

Some prospective on the US downgrade.

S&P AAA Rated

Finland – 61.89 bps (-2.67)
Netherlands – 68.16 bps (+2.63)
Australia – 71.27 bps (+2.92) (After a 12 bps rise yesterday)
Germany – 79.51 bps (+7.09)
United Kingdom – 79.65 bps (+3.38) And they have riots
Denmark – 91.10 bps (+1.76)
Austria – 107.69 bps (+6.84)
France – 159.14 bps (+10.66)

S&P AA+ Rated

United States – 56.33 bps (+1.70)
New Zealand – 87.83 bps (+0.74)
Belgium – 243.35 bps (-1.15)

Looks like the CDS market is pricing in more downgrades.

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