sentences: thus, in the above period russia’s fiveyear cds spread increased from 246 basis points to 1,071 basis points, the czech republic’s went from 45 to 216, turkey’s from 291 to 838, and poland’s from 60 to in the wake of the bankruptcy of the lehman brothers investment bank in midseptember, there was increased concern over the stability of various financial institutions, and the global financial crisis worsened.