5 banks write 97% of all CDS

Updated CDS market statistics for you courtesy of a few recent stories from ZeroHedge and Bloomberg.

Five banks—JPMorgan (JPM), Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC), and Citigroup (C) — write 97 percent of all credit-default

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American banks reacting to Italy

American bank credit default swaps are soaring in response to Italian contagion fears. They have previously released details about their individual exposures to Italian sovereign and/or corporate or related debt which range from over $6 billion in JP Morgan’s case …

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American bank CDS widening

From the WSJ……

While Morgan Stanley’s stock price is a few pennies higher today, bucking the rest of the sector and the broader market, the cost of insuring against a Morgan Stanley default in the CDS market is up …

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Are Canadian banks the safest in the world

While pricing data and quotes on Canadian bank CDS is somewhat spotty (which itself could be interpreted as a signal of market strength since liquidity is often driven by demand, especially to protect from default, or alternatively as an area …

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Large American bank CDS prices

An update on some of the large American bank CDS prices which are rising again on continued concerns over European sovereign debt exposures (in addition to a plethora of other worries):

Citigroup 147 bps

Bank of America 169 bps

Goldman …

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CBOE adds more CEBOs

The Chicago Board Options Exchange (CBOE) re-launched its single-name Credit Event Binary Options (CEBO) in March on 10 industrial firms and due to customer demand, and announced the addition of 5 more financial firms during the last week of April

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Weekly: China CDS trading up

It doesn’t happen that often but weekly Chinese credit default swap volumes for the week ended June 3, 2011 reached over a billion again to $1.2 billion over 70 trades putting its gross notional value outstanding back over $40 billion …

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Weekly: Italy volumes almost reach $10 billion

Italian credit default swap weekly volumes for the week ended May 27, 2011 reached a new record high of almost $10 billion in the span of 279 trades.

The other single-name corporates in the list this week were Stora Eno, …

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Weekly: Venezuela volume tops a billion

Venezuelan credit default swap volumes for the week ended May 20, 2011 reached $1 billion again in the span of 50 trades. It is the second time reaching that mark this year – the first time was back on March

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Weekly: France most active last week

France came out as the most active name last week albeit in a week of lower-than-usual industry volumes. France saw almost $2.4 billion in gross notional trade for the week ended May 6, 2011. Meaningful credit default swap trades …

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