Credit markets
CDS spreads tighten further on US financials
The cost of credit protection on major US financials fell in today's European and Asian trading.
The bespoke conundrum
The dealer community has pushed towards standardisation of credit default swaps contracts, enabling them to meet a regulatory goal of ensuring a large chunk of the credit derivatives market is cleared through central counterparties. What implications…
CDS: Spreads rally as investor confidence rises
Credit default swap 5-year mid-levels for structured products issuers (June 30)
New agreement on restructuring for European credit default swaps
European credit derivatives dealers have revised the details of a proposal to integrate restructuring as a credit event into the auction settlement process for credit default swaps (CDS), in preparation for the launch of the so-called ‘small bang'…
AIG warns of potential losses in CDS portfolio
AIG could be exposed to further losses on the super-senior credit default swap (CDS) portfolio held by its subsidiary AIG Financial Products (AIG FP) should credit markets continue to deteriorate, according to a filing the company made to the US…
CDS spreads tighten on US financials
The cost of credit protection on major US financials fell in today's European and Asian trading.
CDS: Spreads tighten for second day
Credit default swap 5-year mid-levels for structured products issuers (June 29)
CDS: Spreads tighten; shrugs off UBS woes
Credit default swap 5-year mid-levels for structured products issuers (June 26)
CDS spreads tighten on financials
The cost of credit protection on major US and European financials fell in today's European and Asian trading.
AIG forex prime brokerage bought by BNP Paribas
The US foreign exchange prime brokerage business of AIG Financial Products (AIG FP) has been transferred to BNP Paribas, along with eight staff.
'Improvement in market conditions' sees Fed cut bank aid
The US Federal Reserve Board has cut back several of the support facilities put in place over the past 18 months, arguing the recovery of the financial markets has made them unnecessary.
CDS spreads unmoved on financials
The cost of credit protection on major European and US financials was almost unchanged from yesterday in today's European and Asian trading.
CDS: Spreads narrow in a thin market
Credit default swap 5-year mid-levels for structured products issuers (June 25)
CDS spreads move on automakers
Market sentiment was varied towards car makers in European and Asian trading today, while staying unchanged from yesterday on major financials.
CDS: Spreads widen for second day
Credit default swap 5-year mid-levels for structured products issuers (June 23)
RBS teams up with Trader Vic to launch multi-asset index
Victor Sperandeo, chief executive officer of Enhanced Alpha Management and the Royal Bank of Scotland have partnered to launch a new long short strategy index designed to deliver absolute returns. The Trader Vic Index (TVI) is a managed futures index…
Basel changes could "kill off correlation trading”
Proposed changes to the Basel II Accord’s trading book regime, due in early July, will make correlation trading uneconomical unless a compromise can be found, say dealers.
CDS spreads tighten on European and US banks
The cost of credit protection fell on European and US banks in European trading today.
RH Donnelley LCDSs settle in line with analyst expectations
An auction to cash-settle loan credit default swaps (LCDSs) referencing North Carolina-based commercial search firm RH Donnelley produced a recovery rate of 78.125%. Auctions to cash-settle LCDSs on two of the firm's subsidiaries, Dex Media East and Dex…
CDS: Widen on recession concerns
Credit default swap 5-year mid-levels for structured products issuers (June 22)
CDS spreads widen on Australian and Indian banks
The cost of credit protection rose on Australian and Indian banks in European trading today, while remaining steady on financials from the US and Europe.
CDS spreads widen on US and European banks
The cost of credit protection rose on US and European financials today.
CDS: Spreads narrow ; market eyes economic data
Credit default swap 5-year mid-levels for structured products issuers (June 19)
CDS spreads tighten on US and European banks
The cost of credit protection fell on US and European financials today.