The banking and financial services sectors dominated trading volumes of credit default swaps (CDS) in the US over November, according to New York-based interdealer broker GFI.The most actively traded were US government-sponsored entity Fannie Mae and banks Merrill Lynch and Morgan Stanley, said GFI. Morgan Stanley appeared for the second month running.
The telecoms industry remained the dominant CDS sector in the European region, led by German, Italian, Spanish and British firms. Turkey, Russia, Ukraine and Argentina were among the top of the list for the sovereign sector, according to GFI.
More on Credit Derivatives
Arbitrageurs have exited trades, leaving basis structurally higher
Managed deals could be next, but market's potential is expected to be limited
Active deals seen as “the next step” after last year’s revival of static CDOs
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.