Credit default swaps
CDS: Spreads widen on weak Japan and falling US data
Credit default swap 5-year mid-levels for structured products issuers (August 17)
CDS spreads widen on financials
Market sentiment towards financials has worsened over the past week, with the cost of credit protection rising on US and European banks.
NYSE Liffe shuts down CDS clearing service
Derivatives exchange NYSE Liffe and London-based clearing house LCH.Clearnet have shelved their central clearing service for credit default swaps (CDS), having processed no trades since it was launched in December last year.
Credit spread shocks: how big and how often?
The second half of 2007 saw violent moves in credit spreads. In the fallout, there has been much discussion about how to estimate the probabilities of these severe events, but few conclusions have been obtained beyond the fact that historical data is…
The CDS curse
There has been growing concern about the influence credit default swaps (CDSs) can have on corporate reorganisation talks. Some have argued that because lenders can also hold CDS protection, they might block a debt reorganisation in order to force the…
Financial CDS spreads steady
Market sentiment towards financials has steadied in the past week as the flow of positive second-quarter results from major financials in Europe and the US continued.
CDS clearing in Europe begins
Dealers have met the July 31 deadline for clearing credit default swaps (CDS) on European reference entities and indexes that they set back in February.
Banks' CDS spreads tighten after positive Q2
Market sentiment towards financials has improved in the past week as the continued wave of positive second-quarter bank results helped nudge the cost of credit protection lower on all major US and European banks.
Bank CDS spreads tighten on positive second-quarter results
The cost of credit protection fell on US and European financials this week after a wave of positive second-quarter results.
CDS premiums boost option participation in structured products
Participation rates and coupons in structured products are being boosted by premiums from credit default swaps (CDS) sold on sovereign and corporate entities, say dealers.
CDS spreads tighten on European insurers
The cost of credit protection fell on European insurance firms in early trading today, while remaining steady from yesterday on financials.
Combining CDSs and equities
Duggan Asset Management is offering exposure to equity and credit markets with its new capital-protected simple growth product. As well as access to an unusual asset class - credit default swaps - participation is linked to the DJ Eurostoxx 50
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…
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'…
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 on financials
The cost of credit protection on major US and European financials fell in today's European and Asian trading.
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 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 tighten on European and US banks
The cost of credit protection fell on European and US banks in European trading today.
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.