Capital Group, Pimco lead tilt to bought index CDSs

Counterparty Radar: US mutual funds added $7.8bn of bought protection, growing sector to $169bn in Q3

_Increase-in-bought-protection

Capital Group and Pimco added $3.1 billion and $2.5 billion, respectively, to bought index credit default swaps, fuelling an expansion of the market in the third quarter of 2022.

The sector’s reported aggregate rose to $169 billion – up from roughly $165 billion in Q2 – with the share of bought protection growing to 37% of the total, the highest in the 11 quarters of data starting Q1 2020. Overall, US mutual funds expanded bought protection by $7.8 billion in the third quarter while cutting $3

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: