Credit Default Swap Spreads Are on the Rise

In 2008 Michael Barries created specific credit default swaps to bet against the housing market essentially and they profited greatly from that. Today people are betting that credit Swiss is going to go under but more importantly what's really heavy right now is the fact that you have sovereign nation cds's on the rise which is signaling to the market that there's a lot more people thinking that sovereign nations will not be able to pay back their debt.