Which of the following is incorrect?

1. Country credit risk spread is the difference between yields of international bonds of the country and government bonds of the developed country (generally US. 2. Credit default swap (CDS) is a derivative product which provides the buyer to grantee to be paid back face value of a bond by credit default swap issuer in case the borrower does not pay. 3. In general, a Eurobond of developing country or company interest rate is smaller than sum of same maturity of US bond rate and country of company credit default swap rate point (CDS premium /10000). 4. In general, a company or county Eurobond's primary market sale is done by a syndicated group (banks and other financial intuitions). 5. If the US dollar index (USDX) increases. we expect depreciation of an other currency against the USD.