Archive for May, 2010

State Bank of India CDS rise on new CDs from 3G auction

CreditLime CDS Watch
May 31, 2010

State Bank of India CDS rise on new CDs from 3G auction

State Bank of India (SBI) credit default swaps are seeing increasing activity as the main bank involved in financing India’s latest 3G …

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Exxon is to Credit Default Swaps like BP is to [INSERT NEW NAME HERE] Swaps

The first major credit default swap transaction was reportedly completed after the Exxon Valdez Alaska oil spill in 1989 by JP Morgan, who wanted to hedge a line of credit they had extended to Exxon after the spill. While we …

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Les Paramètres Vitaux de Notre Système Financier

Quels sont les paramètres vitaux de notre système financier?

Forget stock prices or bond prices. Currently, that would be credit default swap (index) prices, LIBOR-OIS spreads and the VIX index. That is according to Belgian newspaper L’Echo which recently published …

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CDS liquidity drying up as Bid-Ask spreads widen

Bid-ask spreads on popular credit default swap indices are reaching new local highs amid signs that investors are growing more concerned about corporate (and sovereign) credit.

The wides for the on-the-run CDX.NA.IG (North American Investment Grade Corporate Debt issuer) …

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Suncorp Metway CDS rising from the South (as Auzzie RMBS emerges from down under)

Australia’s 5th largest bank and 2nd largest property & casualty insurer has seen its credit default swaps rise to new local highs of 180 bps, or up about 20 bps, today after announcing it was launching a new A$500 million …

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Hutchison Whampoa CDS rise on Telecom buyout

Hutchison Whampoa credit default swaps are up almost 10% today to around 90 bps after a Cayman court approved plans for the company to take its telecommunications operation, Hutchison Telecommunications International, private for US$545 million or HK$2.20 per share. It …

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CDS traders go Seoul searching

South Korean sovereign credit default swaps have increased to a new 9-month high of 147 bps according to Bloomberg today amid the country’s attempts to press for more sanctions against North Korea after claiming the North was responsible for the …

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Thai Swaps Traders to be at the next Full Moon Party

Koh Phangan will be the place for this month’s upcoming full moon party and one special group of people visiting will be Thailand’s credit default swap traders (if they are not banned) to either celebrate their wins or drink away …

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香港製造 (Made in Hong Kong) 2: Renminbi Credit Default Swaps

CreditLime Special Report
May 20, 2010

香港製造(Made in Hong Kong) 2: Renminbi Credit Default Swaps

The sequel to the award-winning 1997 movie, Made in Hong Kong (perhaps called 北京製造), could be out later this year. Rumours have it …

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A new wall rises in Berlin (to keep short-sellers out)

It was about 20 years ago that Germany achieved re-unification between east and west with the fall of the Berlin Wall. Little did they realize that 20 years later, they would be re-enacting another wall to separate 2 different groups …

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