Credit default swaps
Clearing single-name CDSs may prove uneconomical
High margin requirements may make central clearing of single-name credit default swaps (CDS) impossibly expensive, according to one clearing specialist.
CDSs widen on European insurers
The cost of credit protection on European insurance and reinsurance companies rose in this morning's trading.
Euro Libor falls on ECB rate cut
Three month euro Libor dropped 20bp over the week to 2.45% today from 2.65% on Monday, January 12, following Thursday's 0.5% cut in interest rates by the European Central Bank, while sterling and dollar Libor remained stable.
CDSs tighten on financials and widen on sovereigns
In early European trading spreads on US and European financials tightened, while Middle Eastern and European sovereigns widened.
CDSs widen on Australia and tighten on financials
Spreads on Australian financials and Asian telecommunication companies widened in European trading this morning, while banks were trading tighter in the US and Europe.
CDSs on eurozone sovereigns widen
The cost of credit protection on eurozone sovereigns widened in European trading this morning, while in the US, spreads on Citi ballooned.
The next regulatory era
Market turmoil and political pressure are forcing the US CFTC to consider implementing new derivatives regulation or face potentially draconian rules imposed by Congress, write Gregory Mocek and Athena Velie
CDSs on European banks widen
The cost of credit protection on European financials and southeast Asian sovereigns widened in early trading today.
CDSs tighten on insurers
The cost of credit protection on insurance firms continued to fall in early trading today, while spreads widened on eastern European sovereigns.
CDSs tighten on insurance and pharmaceutical firms
The cost of credit protection on insurance and pharmaceutical firms fell in early trading today, while spreads on financials and Scandinavian sovereigns widened.
CDSs tighten on automakers, sovereigns
The cost of credit protection on automakers fell in early trading today, despite dramatic drops in December sales figures.
CDS spreads tighten on aerospace and defence firms
The cost of credit protection on a number of aerospace and defence firms fell today, as the industry continued to outperform the broader market.
CDS spreads tighten as markets rally
The cost of credit protection on financial institutions and sovereign debt across Europe and Asia dropped in early trading this morning as equity markets continued to recover.
Portal combat
The first central clearing houses for credit default swaps were expected to start business at the beginning of December, but hold-ups in regulatory approval delayed the launch in the US. With four ventures now due to take off within months of each other…
CDS spreads on automakers widen after bail-out rejected
The cost of credit protection on US and European car manufacturers rocketed in early European trading today following the US Senate's rejection of a $14 billion rescue package for the US auto industry.
CDSs tighten on American commercials and widen on Australia
The cost of credit protection on American commercial brands fell in early US trading today, while credit default swap (CDS) spreads referencing South East Asian sovereigns also tightened and spreads of Australian sovereign debt hit a record high.
CDSs on European financials tighten
The cost of credit protection on financial institutions fell in early trading this morning, while a number of industrial names traded wider.
Editor's letter
The credit-default-swap rate offers benefits that a credit rating does not, which is a perspective from the people who have to buy and sell the paper. Sometimes a solution to a problem comes along that is so simple it defies all the thought and toil that…
The transparency tide
The issue of counterparty risk and how best to convey it to retail investors dominated the agenda at the Structured Products Europe conference. Delegates explored ways of identifying and mitigating risk, while the rise in structured funds and regulation…
CDS market mixed for eurozone and US financials
Credit default swaps (CDS) referencing UK and European financials faced varied market sentiment in early trading today.
CDS spreads down on European and US financials
UK and European banks saw improved market sentiment this morning, while the cost of credit protection on US financial institutions fell yesterday.