Improving market sentiment in Europe, notably  among  sovereigns, led to global credit default swap (CDS) spreads tightening  over  2%,  according  to Fitch Solutions in its latest Risk and Performance Monitor (RPM).

While  sovereign  spreads  globally  tightened  by 2.9% last week, European sovereigns  came  in  5.6%, followed by Americas/Oceania 2.3%, and Asian by 1%.  "Italy,  Germany and Spain are leading the way with significant spread tightening," said managing Director Jonathan DiGiambattista.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.