Agency becomes one of first developed-market sovereigns to succumb to dealer pressure as costs of one-way collateral postings grow
Rising bond prices and falling CDS volumes mean eurozone sovereign debt is past the worst
European financial markets have been turned upside down by the sovereign debt crisis, with eurozone government bonds no longer regarded as completely risk-free. As a result, dealers are more wary of the correlation inherent in collateral denominated in...
Sovereign debt crisis raises fears about correlation of derivative collateral denominated in domestic currencies
Spain and Portugal should follow Italy’s lead by tapping retail investors, says Barclays economist.
Clouds are gathering over the Iberian peninsula. Attention is shifting from Greece, given temporary respite by the EU-IMF bailout, to Spain and Portugal as fears mount over their fiscal deficits and spiralling unemployment figures.
Wider sovereign debt insurance costs follow Spanish ratings downgrade and falling equity prices
Fall in cost of insuring eurozone sovereign debt follows a volatile week
CDS spreads' volatility earlier in the week over for now
Eurozone sovereign debt insurance cheapens
Increased protection selling on sovereigns raises fears about systemic risk
Wider eurozone CDS spreads in early morning trading mirror movements in the equities market
Eurozone sovereign debt insurance cheapens after last week’s volatility
As governments across Europe announce austerity measures designed to rein in deficits, sovereign and corporate bond investors are divided over the scale and timing of the cuts.
CDS spreads come in marginally as European Central Bank confirms how much in eurozone bonds it has bought
Widening continues on eurozone CDS spreads as Australian banks feel the pinch from the Greek debt crisis
Barclays Capital economist says Spain and Portugal should look to replicate Italian government in tapping retail investors for future bond deals.
Volatility returns to CDS spreads across the eurozone in early morning trading
Stability returns to CDS spreads across the eurozone in early morning trading, but some mixed news for Spain
After Greece, Portugal and Spain suffered rating downgrades in April due to escalating fiscal problems, investors ask if the same standards are being applied to advanced economies.
Tightening continues on eurozone CDS spreads in a sign of improving market confidence
CDS spreads across the eurozone stabilised in early trading, but Greek spreads rose steadily.
News of a massive EU rescue package has boosted market confidence in European sovereign and bank debt.