Germany's 5Y Credit Default Swap Makes New 2-Year High (64 bps)

German 5Y CDS (CDBR1U5:IND at made a new 2 year high yesterday at 65.61 basis points. I'm not sure what to make of it, but look at the snapshot of the chart going back to 2008. During the financial crisis German 5Y CDS hit a high of 91 bps.

Source: Bloomberg