Archive for August, 2011

ISDA DC delays Texas Competitive ruling

Aurelius has once again accused the former TXU of a technical default or bankruptcy even though the company has not yet filed for anything or missed an interest payment

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Australian creditors left with bitter taste

Australian brewer, Foster’s Group, has seen its credit default swaps rise after British-South African brewer SAB Miller launched a hostile bid to takeover the company.

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Are Canadian banks the safest in the world

“Yes” say the credit default swaps. “No” says Zerohedge.

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Goodrich CDS crosses 70

Goodrich’s credit default swap price has risen 30% this month

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Westfield CDS up on expansion plans

Westfield recently announced plans to move into Italy and Brazil.

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Subprime real estate CDS prices off their highs

As cap rates on some commercial properties continue to hover near lows, single-family residential subprime real estate derivatives are backing off highs reached earlier in the year.

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Unicredit bank subsidiaries diverge

The differing prices of (and potential trading opportunity between) Unicredit subsidiaries by Vincenzo Albano

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Sovereign credit risk more risky than corporates

Sovereign credit risk is increasingly becoming more risky than corporate credit risk from CDS market investor perspectives.

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ILFC swaps fly higher

International Lease Finance Corporation are flying higher as

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Hewlett-Packard CDS docs get printed up

Credit default swap traders and their back offices must be quite busy printing up all those ISDA docs for their new CDS contracts Hewlett-Packard

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