From Bespoke Investment Group:

The last time we posted our table of sovereign debt default risk was on February 5th, when worries about Greece and Europe were pretty much at their peaks. The S&P 500 ended up making a short-term low on the following trading day, and since then, sovereign default risk has eased substantially around the world.

Below we highlight the change in credit default swap prices (default risk) for various countries both year to date and since February 5th. The table is sorted by change since February 5th.

As shown, default risk has fallen for all but three countries since 2/5. It has fallen the most for...

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