CDS Rerack Or How Deus Ex Machina --> Flop Ex Machina

It took about 2 hours for our prediction of the conversion from Deus Ex to Flop Ex Machine to come true. Here are the latest Eurosov 5 Yr CDS, all whooshing wider in tandem.

ITALY 507/527 +17
SPAIN 397/417 +22

Read more ...