Italy bond yields rise past 7%

Italian government bonds yields rose past 7% – the level roughly considered the borderline between distressed credits in the sovereign market. The rise in yields is also triggering margin calls creating a sudden rush for cash amongst large holders. Italian …

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Italy CDS reaches high

Italy CDS reached a new high of around 300 bps but has settled back down to around 282 bps according to Markit, as investors fret over the disastrous thought of the Eurozone’s third-largest economy (after Germany, France – and …

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Italy orders transparency in short sales

Italy’s market regulator, Consorb, ordered short sellers to reveal short positions greater than 0.2% of a company’s capital but stopped short of an outright ban as the spread between Italy 10-year bonds and German bunds hit 300 bps and Italy’s …

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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: Italy unseats Spain

Italy edged out Spain for most active credit default swap based on weekly volume for the week ended April 29, 2011. It was the first time Spain has not been on top in two months, though overall volumes for …

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Weekly: Dixons Retail goes on a swapping spree

Dixons Retail (the former DSG International) appeared as the 12th most active credit default swap name for the week ending April 1, 2011. The company had already seen a pickup in activity in past weeks, and that had attracted …

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Weekly: Italy back in the forefront

Italy saw a record amount of weekly swap activity on its sovereign debt surpassing its previous record set just over a month ago with over $7 billion in gross notional traded in 278 contracts for the week ended January 14,

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Sara Lee, European sovereign CDS tighter

Sara Lee credit default swaps, which were one of the most active single-names last week, fell in price from 285 bps to 278 bps last Friday after investors appeared to be pricing in less of a chance of the …

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Western European nation CDS rises past the east

Credit default swaps on western European nations (at an average of over 200 bps) has exceeded that of CDS on central and eastern European, Middle Eastern and African nations for the first time according to the WSJ.

The iTraxx SovX

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Weekly: Austria CDS trading is rising

Italy ended Spain’s reign as most actively traded credit default swap for the week ended December 17, 2010 as investors exchanged $4.2 billion in notional across 212 contracts.

Spain still came in second with $3.5 billion across 144 contracts. What …

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