Archive for December, 2011

When a short beats a CDS

In sovereign-land

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Egypt CDS

It looks like Egypt is going to be one of those sovereigns to begin the year in the news and end it there as well. It was just under a year ago (January 2011) when many of the Egyptian uprisings started and after some settling down during mid-year, the Egyptians have taken to the streets again.

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Current SBI price

State Bank of India credit default swaps currently trade around highs just under 400 basis points.

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First Rupee Credit Default Swaps Traded

IDBI Bank and ICICI Bank have completed the very first Rupee CDS trades.

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AMR auction results

Final price: 23.5

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PMI Group auction results

Final price: 16.5

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CMBX headed for more volatility in 2012?

CMBX and TRX spreads have been rising in anticipation for potentially ano

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Investors jumping off jump-to-default risk

A recent report by Bloomberg highlighted the increasing investor aversion to index tranches, particularly the lowest rated pieces with the most exposure to jump-to-default risk.

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Seat Pagine Gialle auction results

Final price: 10

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Panrico LCDS auction result

Final price: 8.125

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