Credit markets
Banks' CDS spreads tighten after positive Q2
Market sentiment towards financials has improved in the past week as the continued wave of positive second-quarter bank results helped nudge the cost of credit protection lower on all major US and European banks.
CDS: Narrowing continues across issuers
Credit default swap 5-year mid-levels for structured products issuers
Eurex CDS clearing solution to start on July 30
Eurex will begin clearing European index and single-name credit default swaps (CDS) as of July 30, the exchange said today.
CDS: Tightening trend continues, with Deutsche slipping under 100bp
Credit default swap 5-year mid-levels for structured products issuers (July 23-July 24)
CDS: Nordea and Svenska maintain tightening trend
Credit default swap 5-year mid-levels for structured products issuers (July 17-July 21)
US Talf helps CMBS market recover
The Federal Reserve Bank of New York's Term Asset-Backed Securities Loan Facility (Talf) is helping to revive the commercial mortgage-backed securities (CMBS) market, analysts have concluded, although the chances for residential mortgages to be included…
CDS: Rally on improved risk appetite
Credit default swap 5-year mid-levels for structured products issuers (July 17)
Race against the clock for European CDS CCPs
With just two weeks remaining until the European Commission’s deadline for central counterparties (CCPs) to begin clearing credit default swaps (CDSs), two of the competing platforms are still waiting for regulatory approval.
Bank CDS spreads tighten on positive second-quarter results
The cost of credit protection fell on US and European financials this week after a wave of positive second-quarter results.
CDS: Spreads tighten for second day
Credit default swap 5-year mid-levels for structured products issuers (July 16)
CDS: Spreads tighten on positive earnings news
Credit default swap 5-year mid-levels for structured products issuers (July 15)
EC continues tough stance on securitisation
In its latest round of proposals for modifications to the Capital Requirements Directive (CRD), the European Commission has confirmed its intention to assign higher capital requirements to re-securitisations and to enhance disclosure requirements for…
A long road but a clear view
Progress has already been made in establishing central clearing for credit default swaps but it will take industry-wide cooperation and an eye for detail to finish the job.
TSE targets Japanese banks for CCP
The Tokyo Stock Exchange (TSE) is courting domestic financial institutions to become clearing members of its proposed central counterparty (CCP), which it is developing alongside its 86.3%-owned clearing arm, Japan Securities Clearing Corp (JSCC).
CDS: Spreads narrow tracking equity rally
Credit default swap 5-year mid-levels for structured products issuers (July 14)
TriOptima sees surge in interest rate swap tear-ups
Stockholm-based technology company TriOptima has eliminated $13.9 trillion in notional outstanding from the interest rate swaps market in the first half of 2009, more than the $13.6 trillion total eliminated in 2008.
Quant Congress: Don't confuse models with reality, says Derman
Models were not responsible for the financial crisis, but those using them need to remember the shortcomings of models in general, asserted Emanuel Derman, head of risk at Prisma Capital Management and professor at Columbia University, at Risk 's Quant…
Central clearing will need new laws, Isda report finds
New laws will be needed in the US and Europe to support the introduction of central clearing of credit default swap (CDS) trades, according to a study published yesterday by the International Swaps and Derivatives Association.
CDS: Spreads narrow slightly; US earnings eyed
Credit default swap 5-year mid-levels for structured products issuers (July 10)
CDS: Widens on California's deficit, US earnings fears
Credit default swap 5-year mid-levels for structured products issuers (July 13)
S&P expands custom index business to fixed income and commodities
Standard & Poor's is expanding its custom index business beyond equities, currencies and real estate as client demand increases for non-correlated asset classes. The index provider will now be able to construct offerings based on commodities and fixed…