Eng - Turkey, U.S. and Europe from the risky

Started in Eastern Europe after the waves escape from the risks of bankruptcy of the country, showing the risk of CDS spread has exploded in a day. The spread refers to the difference in Turkey's risk, the crisis in the United States and European countries, even the belly more than doubled.

Eastern Europe and the new note to the bottom of industrial production with discounts starting at the beginning of the week to escape your eyes, and what the next victim of the country failed to return to more risk. Important for global investors, how much of that country-risk criteria at the beginning of the coming.

Country risk insurance to investors against the possibility of a potential bankruptcy allows the CDS as U.S. Treasury bonds with the indicator on the spread between the bonds is calculated on the difference. Spread difference how much you raise, the country's risk is increased.

Finally, in the Eastern European currencies on Monday and Tuesday in the wake of a tough loss, and this wave of countries from the region and in the currency of the TL and the stock market has affected Turkey's throw CDS spread.

Forint currency since the beginning of the year, approximately 13 per cent for Hungary lost the 5-year CDS spread of bonds in increments of 24 basis points to 565 basis points increase, Turkey and Poland's CDS spread for a day, has expanded 23 basis points. Spread of 20 basis points difference in Russia increased by 766 basis points increase, while in Romania also up 765 basis points.

According to recent data, Turkey's 5-year CDS Bloomberg'ün bonds between the U.S. Treasury bonds with 512 basis points yesterday to spread up the difference. On the same day last year the Turkish CDS'lerinin spread level was only 230 basis points. The same day the U.S. last year, the difference in the 5-year CDS spread of the bonds is 15 basis points was around. Global markets and the tough loss of Kara October the Turkish bonds CDS spread of 300 basis points from 850 basis points difference level was throwing up.

Even countries that do not touch a low risk

Interesting side of the business they did not discuss the crisis in Turkey's touch spreadlerinin CDS crisis and many of the main center of the developing countries of the CDS market is a lot even spreadlerinden. So Turkey, the crisis that hit the U.S. and most European countries the market has accepted a term brothers in Brazil seems even more risky. As of yesterday the British CDS'lerinin spread 175, the United States 94, Brazil's was the 393.5 basis points. Japan's CDS spread 120.7 basis points yesterday, Germany's is 77.5 basis points. Iceland on the verge of bankruptcy after Ireland claimed to be the difference with the spread of the UK 175, France's 84.5, and 198.4 basis points as of Italy took place. 512 basis points spread is the difference in Turkey with this picture is the highest cost of insurance, that was the riskiest markets.

Risk-based banking is growing in the Gulf

According to the data of the bonds in January Markit'in CDS spread difference is it's up to the risk of the most progressive countries in the percentage difference 330'a spread out in increments 95'lik was South Africa. Turkey's risk is 73 percent more in January and spread the difference increased up to 378 basis points was reached. January until the end of this week, the Turkish CDS spread of the bonds for more than 100 points a difference was throwing.

Brazil on February 13 to 372 basis points this figure, with the IMF last year, a $ 25.5 billion fund for assistance and understanding in the last period in the hard currency Forint attention to blood loss, for which Hungary was 530 basis points.

According to Bloomberg and Deutsche Bank data, South Korea's CDS spread of bonds 375 basis points difference, Mexico's 410 basis points, 380 basis points in Poland, Russia's was the 735 basis points. Developing the market than the bond between the Turkish CDS spread is the difference only for Ukraine and bonds were Venezüella'ya.

Spread difference of Ukraine 3216, 2581 basis points and was Venezüella'nınki.
Credit rating agencies on December 17 on the banking sector credit Fitch'in not go on sale in the Gulf countries are increasing their risk. However, despite the increase in spread difference in this country still has a higher spread from Turkey to the difference seems less risky.

According to the data at the beginning of months Moody's'in CMA Datavision'ın country credit note is reduced to negative from stable 23 on January Bahreyn'in CDS'lerinin spread of 474 basis points difference between the Gulf countries, the record was broken. 283 with the same time Abu Dabi'nin CDS spread out to the highest level. Qatar and Saudi Arabia, while the spread was around 278 to 267 basis points.