Credit markets
CDS spreads narrow on Australian banks
The cost of credit protection fell on Australian financials today, but remained steady on US and European banks.
CDS: Spreads widen for second day
Credit default swap 5-year mid-levels for structured products issuers (June 4)
Swedish banks' CDS spreads widen
The cost of credit protection on Swedish financials rose sharply in early European trading today, as concerns over loans made to Latvia grew.
Toxic loan PPIP purchases postponed, feared dead
The purchase of distressed whole loans using taxpayer funds under the US Treasury's Public-Private Investment Program (PPIP) has been postponed, the Federal Deposit Insurance Corporation (FDIC) has announced, raising speculation that the scheme might be…
CDS spreads tighten on US commodity firms
The cost of credit protection on Texas-based oil and gas companies fell in early European trading today, while spreads tightened on US financials.
CDS: Tighten sharply on positive economic data
Credit default swap 5-year mid-levels for structured products issuers (June 2)
OMG commits to new clearing and reporting targets
The Operations Management Group (OMG) on June 2 outlined its latest targets to improve the operational infrastructure of the over-the-counter derivatives industry.
Credit market won't be fazed by GM bankruptcy, say analysts
Despite its size, the largest industrial bankruptcy in US corporate history is unlikely to have much of an effect on the credit derivatives markets, suggest analysts.
Banks' CDS spreads narrow
Market sentiment improved towards European and US financials in European and Asian trading today.
CDS: Tighten as recession fears recede
Credit default swap 5-year mid-levels for structured products issuers (May 29)
CDS: Spreads rally on equities and postive China data
Credit default swap 5-year mid-levels for structured products issuers (June 1)
With a bang
Isda's big bang protocol has standardised the credit default swap market, giving buy-side credit firms a voice but also stripping some flexibility from the market. However, the new regime is posing some challenges for end-users. Peter Madigan reports
Baird steps forward
US distributor RW Baird founded its structured products business in 2007 from a standing start, building the infrastructure, compliance and educational initiatives from scratch. Sophia Morrell talks to Dayna Kleinman, the company's vice-president of…
Sovereign CDS spreads widen in South-east Asia
The cost of credit protection on South-east Asian sovereign debt rose in European and Asian trading today.
Value added
Valuation remains a major focus for banks and regulators. In this Class Notes article, Charles Smithson examines the academic approaches to valuation and applies them to structured credit assets
CDSs tighten on US financials
The cost of credit protection on US banks fell in Asian and European trading today.
CDS: Wider on risk aversion; tracking stocks
Credit default swap 5-year mid-levels for structured products issuers (May 28)
CDSs on US financials widen
The cost of credit protection on major US banks rose in Asian and European trading today.