Korean risk premiums exceed Thailand, ‘raised for the long term’

A rapid escalation in tensions on the Korean Peninsula following an announcement that North Korea was responsible for an attack on a South Korean naval vessel drew an instant response from the markets with spreads on South Korean sovereign five-year credit default swaps (CDS) pushed to a peak of close to 171.62 basis points on May 25, slightly higher than those of Thailand (170.375bp), which is also seeing political disturbance.

Economists at Standard Chartered say the dispute is causing an “eco

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: