The credit market is pricing in a 36% chance BP will default within five years as the oil giant deals with the fallout from the Gulf of Mexico disaster.
The default risk implied by credit default swaps is up from 7% one month ago, according to CMA DataVision prices. BP swaps climbed 70.5 basis points to 576.5 yesterday, Bloomberg reports. BP debt due...
According to analysis from Trendrating
Follows disappointing earnings
May miss Williams & Glyn sell-off deadline
High level data analysis can provide useful flags, but the real challenge is to understand the dynamics and key economic factors to create a much more detailed picture of whether GEMS (or any asset class) offer good value.
AGM held earlier today