In Europe, telecoms dominated CDS trading for the seventh month in a row, led by Telecom Italia and Dutch firm KPN. The food retailing and wholesaling sector remained on GFI’s most-active list for the third month in a row, led by UK grocer Sainsbury's, while the automobile parts sector was also on the list.
In Asia, financial services firms topped CDS trading for the 12th month in a row, led by Japanese lender Acom. Banks were heavily traded, led by Kazakh banks Kazkommertsbank and Bank TuranAlem. The computing sector also re-entered the most-active list.
The month’s most active sovereign CDSs included contracts referenced to the governments of Turkey, Ukraine, Argentina, Brazil and Russia.