In Europe, Telecom Italia was GFI’s most actively traded CDS for the second month running. British Telecom, Madrid-based Telefónica and Dutch telecommunications firm KPN joined it on the most-active list. Meanwhile, London-based broadcasting firm ITV contributed to the television industry’s position as one of Europe’s most active sectors.
In Asia, financial services dominated CDS trading for the seventh month in a row, led by Kyoto-based Aiful, and by Tokyo-based Takefuji and Orix. Tokyo-based Toshiba also pushed consumer electronics into the most-active column, and Nissan Motors rounded out GFI’s most-active list.
According to the brokerage, November’s most actively traded sovereign CDS contracts were referenced to the governments of Turkey, Brazil, Ukraine, Venezuela and Argentina.
The week on Risk.net, July 14–20, 2017Receive this by email