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.