Credit default swaps
The credit risk time bomb
Insurers remain very keen to both guarantee and invest in credit derivatives products, but key regulators are about to release reports indicating that risk transfer between the insurance and banking sectors might not be such a good idea.
Japan Credit Market Update: Spreads rise on weak stocks and rating downgrades
The cost of credit protection on Japanese companies continued to rise this week, as weakness in the stock market prompted many players to hedge their credit exposure.
Japan Credit Market Update: Spreads track US and Europe wider
Japanese credit default swap spreads were wider this week, tracking the trends in the US and Europe in a generally bear market, traders said.
Japan Credit Market Update: Increased protection buying send spreads wider
Japanese credit default swap spreads were wider this week, with investors buying protection on the back of new convertible bond issuance, more credit concerns and the possibility that accounting scandals seen in the US may spread to Japanese companies.
AMP Henderson to use credit default swaps in Australia
Investment management firm AMP Henderson Global Investors is preparing to use credit default swaps in Australia for the first time, to obtain credit exposure to Australian companies outside the domestic corporate bond market.
Japan Credit Market Update: Recent volatility subsides into summer lull
Japanese credit default swap spreads were slightly wider this week, but the US July 4 holiday and the beginning of the summer kept the market largely subdued following recent volatility, dealers said.
The price of credit
Masterclass – with JP Morgan