For some time we have been tracking the CDS of the PIIG nations. Of course as we all know, Greece is the straw that broke the Euro’s back.

Last month, we saw traders and investors relax a bit and now CDS rates/spreads are starting to climb. To be honest, we don’t always look at the U.S. chart as we beleive that it still is the strongest out there. But, just for the fun of it, we pulled up the 5-year CDS rate today and look at the year-to-date levels. Interesting…. Even the the good-ole’ US of A is getting hit here….

So much for trusting the mighty U.S. dollar and the strongest economy in the world…