Ford Motor Company
CDO activity sparks tightening in default swap prices
Trading in the European credit default swap market this week was brisk, with traders stating they had seen good liquidity in the market and narrowing spreads following the holiday break.
ABB protection no longer available on a client-only basis
Credit protection on the debt of ABB is no longer available even on a client-only basis, major dealers said today.
Cost of protection for Sears surges following poor earnings
The cost of credit protection for US retailer and financial services group Sears sharply widened 150 basis points to 400/480bp, following a negative earnings statement yesterday. Worsening problems with credit-card debt prompted Sears to report a…
Equities rally brings in cost of US and European debt protection
A strong rebound in world equity markets during the early part of this week has caused the cost of credit protection on US and European institutions to markedly narrow. The contraction in credit spreads this week nearly matched the widening seen last…
Credit Market Update: Buyers of protection pull back bids for European credits
Buyers of protection have pulled back their bids in the European credit default swap market this week, in response to positive market news and sentiment, coupled with greater stability on the equity markets.
US credit protection narrows following Wall Street equity rally
The price of credit default swaps for major US names tightened this week following two days of equity purchasing on Wall Street.
Credit Markets Update: European spreads contract in thin trading
European credit default swaps spreads have tightened following the release of better-than-expected results from several high-profile companies and improved sentiment in the telecoms sector. But liquidity was low, traders said.
US Credit Market Update: Credit spreads see another volatile week
The continued weak performance of US equity markets caused bearish investors to seek credit protection in the US last week. This caused volatility in the US credit derivatives market, with most company credit spreads widened in relatively high levels of…
Credit Markets Update: Negative equity sentiment transmutes into wider spreads
European credit default swap spreads were wider this week, with investors buying protection as credit concerns and accounting scandals in the US contributed to negative investor sentiment that led to a further battering of stocks.