Credit markets
CDS: Spreads widen further on financials
Credit default swap 5-year mid-levels for structured products issuers (Tuesday April 21)
Isda AGM: Derivatives post-trade processing improves
The International Swaps and Derivatives Association (Isda) says post-trade processing has continued to improve over the past year, with lower numbers of confirmations outstanding and higher levels of automation.
Isda AGM: trillions in derivatives torn up since June
Multilateral tear-up efforts continue to bear fruit, with notional outstanding reduced by several trillion dollars, according to a report released by the International Swaps and Derivatives Association at its annual general meeting in Beijing.
CDS spreads stabilise on financials
Market sentiment remained steady this morning towards US and European banks.
CDS: US bank spreads widen
Credit default swap 5-year mid-levels for structured products issuers (Monday April 20)
CDS spreads widen on US financials
The cost of credit protection on major US banks rose further in early European trading today as the market exercised caution over the recent flurry of positive first-quarter earnings.
CDS spreads widen on US financials
The cost of credit protection on major US banks rose today despite continued positive first-quarter earnings.
TriOptima targets swaps tear-up for mainland China and Taiwan
Swedish post-trade services group TriOptima plans to launch renminbi and new Taiwan dollar interest rate swaps (IRS) termination services in the second half of this year. The company currently offers its services across 19 currencies, including seven…
CDS: Spreads narrow on US banks, BofA trading at 240bp
Credit default swap 5-year mid-levels for structured products issuers (Thursday April 16)
CDSs on US banks tighten on JP Morgan profit
The cost of credit protection on major US banks fell yesterday in the wake of JP Morgan posting a first-quarter profit of $2.1 billion.
Encouraging US data helps CDSs on European banks narrow
Five-year senior credit default swap (CDS) spreads referencing European banks narrowed this morning. With JP Morgan announcing a first-quarter profit of $2.1 billion, market participants hoped for more encouraging news from the US.
CDS: European financials widen
Credit default swap 5-year mid-levels for structured products issuers (Monday April 13)
CDS: US and European banks widen
Credit default swap 5-year mid-levels for structured products issuers (Wednesday April 15)
CDS: Spreads tighten on financials, BNP at 89bp
Credit default swap 5-year mid-levels for structured products issuers (Tuesday April 14)
CDSs on European banks widen
The cost of credit protection on European banks increased this morning, as UBS predicted a first-quarter 2009 loss of Sfr2 billion.
HKMA ring-fenced assets before Lehman collapse
The Hong Kong Monetary Authority (HKMA) had identified 19 foreign banks whose financial health could have had a negative impact on the Hong Kong banking system before the collapse of Lehman Brothers in September last year.
Demand prompts second Morgan Stanley gilt-backed plan
Morgan Stanley has unveiled the second version of its gilt-backed growth plan, after the first tranche smashed the bank's UK retail sales records in structured products. The FTSE Defensive Gilt-Backed Growth Plan, which was launched in February 2009,…
Ice clears $71 billion of CDSs
Atlanta-based derivatives exchange IntercontinentalExchange (Ice) has cleared $71 billion notional in credit default swaps (CDS) in the four weeks since the launch of its central clearing platform. The exchange cleared 613 transactions and reported open…
CDSs on European financials tighten
The cost of credit protection on European banks decreased this morning, after Goldman Sachs reported a first-quarter net profit of $1.81 billion yesterday.
CDS: US banks continue to narrow
Credit default swap 5-year mid-levels for structured products issuers (Thursday April 9)
The great bond buyback
The Bank of England has kicked off its repurchase scheme for sterling high grade bonds, but opinion is divided over whether the subsequent tightening of spreads is down to the government initiative or extraneous factors. Laurence Neville reports
Volatility puts credit investors on the defensive
Investors are gravitating towards safe haven sectors such as utilities and telecoms as credit fundamentals on non-cyclicals continue to deteriorate