CDS Griegos no se cotizan más.

De acuerdo con FT si se quiere asegurar 10 mill de USD de la nueva deuda de Grecia, hasta el último precio de los CDS, se debe pagar 7.8 millones de prima.

The Financial Times reports Greek yields up as CDS trading put on hold

Yields on new Greek bonds have jumped sharply in the past week amid worries over a shutdown of the market in insurance-like products used to hedge the risk of holding Athens’ debt.

Banks have stopped offering prices on Greek sovereign credit default swaps because a payout on new instruments could be forced immediately due to technical problems with the documentation used to settle contracts.

The market’s concern centres on a so-called 60-day look-back clause in standard CDS contracts, which could be used to activate a payout on new contracts in the wake of a “credit event” that was declared on March 9, when Greece secured private sector participation for its debt restructuring.

Greek CDS prices were last quoted on March 9, when a buyer of protection would have had to pay $7.8m up front to insure $10m of debt against default.

En el corto plazo los bonos de dos años no han mejorado mucho como en el caso de los bonos de 10 años.

Bono de 10 años de Grecia

Bono de 2 años de Grecia

 Fuente: Bloomberg