Buffet’s loss is someone else’s gain

Berkshire Hathaway may have to write off its Energy Future bond investment but for CDS protection holders, it looks increasingly likely that they will receive a payout.

Greek CDS could payout afterall

Collective action clauses being considered by the Greeks could be a positive development for long protection holders.

Turkey CDS update

Turkish CDS fell to 256 bps today

Sampling of some CDS prices for this week

Some of the latest CDS prices for companies in the midst of reporting earnings.

Fiat could be downgraded

and Fiat CDS jumped 53 bps to 755 bps in response to fears.

Current Portuguese credit curve

The current credit curve for Portugal as measured by credit default swaps

Portugal CDS imply 70% default probability

Fears over a Portuguese default are driving investor concerns and leading to soaring bond yields and swap prices.

Japan banks CDS

Sumitomo Mitsui Banking Corporation 163 bps
Bank of Tokyo-Mitsubishi UFJ 145 bps

Portugal reaches new high on default concerns

Egypt CDS at 600

Egypt CDS has tightened to 600 basis points after news about its talks with the IMF for a loan were made public.