Abstract
This paper aims to show an empiric vision about risk perception in global financial markets. The analysis of the risk is based on the credit default swaps evolution from sovereign bonds and corporate bonds during the last five years. Also, there are differences between some agents in the market, since there are new situations. The most important is that Latin-American countries have lower risk than some European countries. As well, companies highly geographical diversified have lower levels of risk than national sovereign bond.
