Yajima noted that, given interest expressed by other clients to buy protection at current tight CDS spreads, the bank expects to structure more sub-indexes going forward. “Given current spreads in Japan, we are seeing more participants thinking it's a good time to buy protection,” Yajima said.
The CJ50 index was created in July. The index is quoted once a week, based on CDS prices quoted from BNP Paribas, Goldman Sachs, Mitsubishi Securities, Crédit Lyonnais, UBS, UFJ Bank, Bear Stearns and Aozora Bank.
The week in Risk.net, May 19-25 2017Receive this by email