Archive for September, 2010

Weekly: Brazil, JP Morgan were the most active sovereign and corporate CDS

Brazil once again topped the most active list with over $5 billion of credit default swaps, measured by gross notional value, traded during the week ended September 24, 2010.

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Boston Generating LCDS auction results

Swap dealers recently held another auction to determine a value on loan credit default swaps (LCDS) referencing loans made to Boston Generating LLC. The auction resulted in a final price of 96.75.

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When ratings get politicized (Part 1)

The Securities and Exchange Commission denied Chinese credit rating agency, Dagong Global Credit Rating Company, the chance to become a nationally recognized statistical rating organization (NRSRO) in America. (Part 1)

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China says it will begin CDS trading this year

China plans to introduce onshore renminbi credit default swaps by the end of the year. Whether or not they follow through remains to be seen as the country has previously sent mixed signals.

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CBOE trying to re-launch credit default options

The Chicago Board Options Exchange (CBOE) is trying its hand again at launching a product, similar in theory but slightly different in name and structure to the credit default swap, called a credit default option.

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Municipal Market CDS – ♪ Somebody call 9-1-1…Fire burning in the muni market ♬ (Part 3)

Part 3: The Swaps (Municipal CDS)

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♪ Somebody call 9-1-1…Fire burning in the muni market ♬ (Part 2)

Part 2: The Problems (in Harrisburg, PA)

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Credit Analysis: H&R Block

A detailed credit analysis on tax prep firm H&R Block.

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Sallie Mae keep falling

The CDS that is.

Citigroup, on Friday, officially agreed to sell its student loan business, Student Loan Corp, to Discover Financial Services and SLM Corp (Sallie Mae) as it continues to shed assets strengthen its balance sheet. Meanwhile, SLM credit default swaps have continued a tightening spree that began earlier this month.

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Ireland swaps reach another high

In what seems to be a weekly event now, Ireland credit default swaps keep rising, and hit another new high today.

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