PGIM cuts corporate CDSs as US funds shed volume

Counterparty Radar: Morgan Stanley retains top dealer spot in single-name CDS trades for mutual funds

Adding and subtracting choices

PGIM took the lead in cutting corporate single-name credit default swaps (CDSs) in the third quarter of 2022, dropping $1.1 billion notional from its books, while Pimco cut $548 million notional in swaps referencing sovereigns, supranationals and agencies (SSAs).

The two led the way as US funds shed $643 million notional in CDSs referencing SSAs in the third quarter and dropped $1.2 billion notional in corporate-referencing swaps, leaving US funds’ single-name CDS holdings at their lowest level

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here