Archive for April, 2011

Weekly: Commerzbank CDS active as shareholders fret dilution

Commerzbank, perhaps unsurprisingly, saw increased volume for the week ended April 22, 2011, after announcing plans to pay back €14.3 billion of €16.2 billion in German state aid it received during the credit crisis in 2009 in 2011 and …

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DB reports increased demand for risk-mitigating solutions

Deutsche Bank reported first quarter 2011 financial results including slightly lower trading revenues in its fixed income department despite what the bank called a “generally favorably market environment.” The one exception was “risk-mitigating solutions” in emerging markets which saw increased …

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PIG swaps at record

While Greece may be getting the bulk of the attention, particularly in CDS-land, as talk of a restructuring credit event lingers on

Portugal CDS up 7 bps to 688 bps.

Ireland CDS up 11 bps to 685 bps.

Greece CDS …

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JPMorgan Chase completes first CDS trades “mostly within” new rules

According to a recent news release by JP Morgan Chase & Co., the bank traded credit derivatives with 6 customers “on terms that it believes are consistent with new rules being proposed for the U.S. over-the-counter swaps market.”

The trades …

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New ISDA chairman

The International Swaps and Derivatives Association, Inc. (ISDA) just held their 26th annual meeting in Prague last week attended by over 900 delegates. New announcements from the organization during the meeting include:

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Weekly: USA CDS were at record levels

Call it what you will (coincidence, irony, inside information) but trading in credit default swaps tied to American sovereign debt soared to a new record last week – which was before S&P came out with its US sovereign debt downgrade

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Double standards for non-US sovereigns

As US regulators try to draft legislation governing margin requirements for derivatives users in accordance with new Dodd-Frank Wall Street Reform and Consumer Protection Act regulations, criticisms of various proposals are being voiced.

Besides the vocalized concerns on exempting certain …

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Billion dollar bet on 2022

While 2012 may be a year of particular meaning for some people in this world, investors seem more worried about another 10 years out as they placed almost a billion dollars on credit default swaps maturing in 2022.

The number …

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Weekly: Spain tops $10 billion

Spain continued atop the weekly active CDS list and topped the $10 billion mark in weekly trading for the first time during the week ended April 8, 2011. While on a number of actual trades basis, the last week’s …

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Best time to Buy?

The world’s biggest electronics retailer is holding its live analyst day today at 10am CST and credit default swap investors may want to have a listen to the company to see what kind of future plans the company has in …

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