Global CDS liquidity continued to rise in the past two weeks as market uncertainty about the overall strength of the global economic recovery persists, according to Fitch Solutions.

Thomas Aubrey, md of Fitch Solutions in London, says: "The industrials and consumer goods sectors have seen notable rises in liquidity as industry support schemes, such as cash for clunkers, are being wound down, thereby increasing uncertainty about the sustainability of future demand."

Global CDS liquidity peaked at 10.40 on 8 October versus a high of 10.42 for the previous two-week period. Europe still remains more liquid than the Americas, with Fitch's European CDS liquidity index closing at 9.75 and the Americas closing at 9.98, as of 16 October.