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
More on Market risk
7 days in 60 seconds
AIG, US Treasury reforms and a Brexit deadline
The week on Risk.net, October 13–19, 2017
Receive this by email
Most read on Risk.net
Back to Top