Archive for October, 2011

Poland CDS at 217 bps

Polish credit default swaps had their biggest drop in 5 months

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New Fitch Bank Credit Model released

Fitch has recently launched a new bank credit model which provides implied credit default swap spreads on 9,500 banks around the world.

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CDS future uncertain?

A Greek default without a resulting CDS credit event and following through with a ban on naked CDS trading could spell trouble for the future of CDS.

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Marubeni CDS elevating

Trading conglomerate Marubeni CDS has almost doubled in less than a month to 470 bps.

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Mortgage insurers rise

The credit default swaps of private mortgage insurers rose after Arizona took over PMI Group’s mortgage insurance division.

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ICE Trust to clear EM CDS

ICE Trust will begin clearing sovereign CDS on four countries: Argentina, Brazil, Mexico and Venezuela.

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PIMCO going long Japanese banks

As banks and other related financial companies see investors fleeing their securities, Pimco appears to be finding one parcel of value within the sector in Japan finding Japanese banks somewhat separated from the European financial problems and not as reliant on or affected by the volatile wholesale credit markets.

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EU moves closer to banning naked sovereign CDS

European countries as a group have moved closer to implementing a temporary ban on naked sovereign credit default swaps

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South Africa credit default swaps

South Africa CDS at 157 bps.

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American bank CDS widening

Morgan Stanley CDS up to 410 bps, Wells Fargo CDS up to 150 bps.

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