Credit default swaps
Ups and downs
Seen as a simple solution for reducing counterparty risk by regulators, moving credit derivatives on to central clearing platforms is proving fiendishly complicated. While progress is being made, it is generating more questions than answers. Mark…
CDS spreads widen on financials
The cost of credit protection rose on US and European financials this morning.
CDS spreads tighten on European banks
The cost of credit protection fell today on European financials in response to yesterday's commitment by the Federal Open Markets Committee to buy up to $300 billion in long-term US Treasury securities.
Bank CDS spreads widen
The cost of credit protection rose this morning on European and US financials.
Steady morning for bank CDSs
After a significant improvement in market sentiment yesterday, the cost of credit protection remained steady this morning on US financials, while falling on south-east Asian corporates.
US financials move on Bernanke prediction
The cost of credit protection on US and European financials fell in intraday trading, following US Federal Reserve chairman Ben Bernanke's prediction yesterday that the US economy will "see recovery beginning next year".
CDS spreads narrow on US financials
US financials faced improved market sentiment in early European trading today, while the cost of credit protection rose on Japanese banks.
CDS spreads widen on eastern European sovereign debt
The cost of credit protection on the senior debt of some eastern European states rose again in early trading today, while also rising on European insurers.
CDS spreads narrow on financials
European financials faced improved market sentiment in early trading today, with the cost of credit protection falling on France's three biggest banks.
Mixed morning for financials in CDS market
Financials faced mixed market sentiment in early trading today, with the cost of credit protection rising on European banks but falling on US firms.
Eastern European CDSs move out
The cost of credit protection on the sovereign debt of several eastern European states rose in early trading today, despite a €24.5 billion aid package for the region's ailing financial sector promised on Friday by three international multilateral…
AIG under fraud spotlight
Losses & Lawsuits
CDS risks
Claims that credit derivatives were a major cause of the financial crisis have prompted regulators to threaten to clamp down on the market. In the latest in the current series of Class Notes, Charles Smithson examines some of the risks of credit default…
Eastern European sovereign CDS spreads narrow
The cost of credit protection on the sovereign debt of eastern Europe states fell in early trading today, while rising on US insurers.
CDS spreads narrow on US and European financials
The cost of credit protection on US and European banks fell in early trading today, while remaining high on Latin American and eastern European sovereign debt.
CDSs tighten on US and European banks
The cost of credit protection on US and European banks fell in early trading this morning.