El Salvador’s CDS has tripled, though as shown in the chart, it’s a very illiquid, hence the very spikey price action, ADMISI’s Ostwald said in an email. “As for other emerging markets, the picture is heavily divergent, depends on region, but the overall JPM EM Bond avg spread has drifted wider, mostly on the back of rising U.S. rate expectations.”
The 3 Reasons Behind Bitcon-Holder El Salvador’s Deteriorating Creditworthiness
