Autos and telecoms dominate CDS trading again
In the US, the motor industry was the most active for another month, led by Ford and General Motors. Fort Worth-based Radio Shack and Harrah’s, the Nevada casino operating company, were both newcomers to the US list, with Harrah’s also the most actively traded single name.
In Europe, fixed-line telecom dominated GFI’s list again, with Telecom Italia the most actively-traded CDS. Finnish bank Kaupthing Banki HF and DaimlerChrysler both contributed to an active month for the banking and motor industries. Dutch-based VNU and Russian energy corporation Gazprom were also on the European most-active list.
In Asia, financial services firms were most active for the sixth month in a row, led by Kyoto-based Aiful and Tokyo-based Softbank. The computer sector, led by Tokyo’s Sony, was also one of the most active, as were trading and distribution companies. Meanwhile, the most active sovereign CDS’s were referenced to the governments of Brazil, Hungary, Russia, Turkey and Ukraine.
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