A recipe for disaster?
Where is the liquidity?
Spreads flat or slightly tighter despite political squabbling over size of EFSF
Indian summer for CDS?
The new rules are "another instance of the authorities blaming the wrong people and imposing the wrong policies", says Cass's Ian Marsh
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month
The decision by Moody’s to downgrade Lloyds and RBS fails to spark surge in CDS spreads, while other European banks finish more or less unchanged on the week despite continuing woes in the eurozone
On the right iTraxx?
CDS contracts would not trigger in the event a bail-in bond is written down, say lawyers – threatening their use as a hedge
Traders say decision by Moody’s was already priced in as major French banks escape CDS blow out
French banks see further spread widening, before disclosure by Société Générale on its eurozone sovereign exposure prompts a turnaround for that bank
Clearing house looks to extend its Paris-based CDS offering, rebranding it CDSClear to sit alongside SwapClear and the forthcoming ForexClear
CDS spreads on SocGen continue to rise - with no obvious driving force - while share prices of the three major French banks fall
Markets turn against French banks in general - and SG in particular - on a day short on solid news and long on rumours
Spreads on Bank of America spike following US debt downgrade and news of AIG lawsuit; other US names also widen
Credit spreads on core eurozone countries climb on market jitters
Morgan Stanley strategist urges decisive policy response
CBOE relaunches credit event binary options
Downgrade triggers spread widening across the eurozone, including 10% leaps for France and Germany
The pros and cons of restructuring
Dealers believe fears about Greek sovereign CDS trigger event are overplayed
Draft text would allow uncovered CDS but sketches out new reporting regime that could spook hedge funds
Credit analysts predict drop in credit default swap spreads under new bank resolution regimes