Latest News for: Credit default swaps


How to stop margin calls from blowing up markets

Reuters 23 May 2022
The previous year, an opaque web of bilateral “over-the-counter” (OTC) contracts, such as credit default swaps, dragged systemically important lenders to the brink of collapse ... By March 2020, 60% of credit default swaps and 80% of interest rate swaps were centrally cleared, ...

As ECB pares back stimulus, investors alert for fragmentation risk

Reuters 19 May 2022
The cost of insuring against a debt default in southern Europe has risen recently to the highest since 2020, although credit default swaps (CDS) sit below previous peaks ... Swaps and Derivatives Association's (ISDA) 2003 definition and those issued under its 2014 guidelines.

Russia default risk surges as U.S. prepares to end key bond waiver

Stars and Stripes 18 May 2022
Russian default risk ... Trading on credit-default swaps skyrocketed earlier this year as investors wagered on Russia defaulting due to payments being made in rubles rather than the currencies specified in bond documents, or because of money getting held up in the banking system.

Russia default risk surges as Biden mulls blocking debt payments

Al Jazeera 18 May 2022
Russian default risk ... Trading on credit-default swaps skyrocketed earlier this year as investors wagered on Russia defaulting due to payments being made in rubles rather than the currencies specified in bond documents, or because of money getting held up in the banking system.

Sharp rise in Pakistan’s default risk in global bond markets

The Siasat Daily 18 May 2022
Pakistan’s default risk measured through the Credit Default Swap (CDS) has spiked to 16 per cent in global bond markets,” Head of Research at Arif Habib Limited (AHL), Tahir Abbas, said while talking to The Express Tribune, adding.

Country Garden, Longfor and Midea Real Estate’s bond issuance plans boost for stricken property sector

South China Morning Post 16 May 2022
Chinese developers’ plans to issue yuan-denominated bonds with either credit default swaps or credit risk mitigation warrants will enhance investor confidence and lead to more companies issuing similar notes ... .

After a bruising year, SoftBank braces for more pain

Economist 16 May 2022
\n\nThe price of credit default swaps against SoftBank’s debt, which pay out if the company defaults, tell a different story. Across most maturities from one year to ten years, the swaps have only been more expensive once in the past decade—during the market turmoil of March 2020, as countries went into the first pandemic lockdowns (see chart 2) ... ■ .

President Nayib Bukele hosts 44 countries in El Salvador to discuss Bitcoin

Cryptopolitan 16 May 2022
El Salvador’s president Nayib Bukele announced in September 2021 that the Central American nation would be the first to accept Bitcoins as legal currency ... Since then, credit default swap spreads have increased by more than 20 percentage points, implying an 87 percent chance of a default within the next five years ... ....

Zanetti leaning on military lessons in governor’s race

Albuquerque Journal 16 May 2022
Zanetti, 64, says those life experiences make him better prepared to be the state’s chief executive than any of the other four Republicans running for the office ... West Point cadet ... Army National Guard ... But he said he learned from the experience how “big money” is moved by using credit default swaps and other financial instruments ... 1 ... .

Net International Reserves nosedive massively in three months

The News International 15 May 2022
He commented that the result of delay in action is that rupee continues to struggle, the country’s default risk as measured by five-year credit-default swaps is at the highest since 2013, and the six-month KIBOR is at 14.25 percent – the highest in 13 years – ...

The Frenetic Basketball Nostalgia of Winning Time

The Atlantic 15 May 2022
<!-----. Yay, no errors, warnings, or alerts!. Conversion time. 0.811 seconds. Using this HTML file.. 1. Paste this output into your source file. 2. See the notes and action items below regarding this conversion run. 3 ... Conversion notes. ... David Sims, Vann R ... Subscribe to The Review ... We’re not talking about, like, credit default swaps ... I guess, to his credit.

Pakistan default risk surges as ousted Khan plans new protests

The Times of India 13 May 2022
NEW DELHI ... The cost of insuring Pakistan’s debt against the risk of default has jumped in recent weeks ... in Karachi ... Credit-default swaps for the country have increased 92 basis points in May off a two-month low to the highest in almost three weeks at about 913 basis points ... The Pakistani leaders and the US have denied the allegations ... .

S.Korea's foreign currency trading grows in April

Xinhua 12 May 2022
It was attributed to a higher demand for foreign currency derivatives, especially the FX swap deals, of ... Premium on credit default swap, which measures credit risk for the five-year government bonds, averaged 33 basis points in April, up from 30 basis points in the prior month.

Europe’s junk CDS signal more credit pain ahead

FX Empire 10 May 2022
Markit’s credit default swaps index, the iTraxx Europe crossover, effectively measures the cost of insuring against defaults on a basket of underlying high-yield bonds ... Because credit default swaps are essentially a hedging product, it’s not unusual for them to react more and ...

Russia Still Faces a High Chance of Default, Despite Payment

NBC Bay Area 10 May 2022
In a note last week, MSCI Research said that despite the rally, "probabilities of default implied by the credit-default-swap market were still exceptionally high across the one- and five-year horizons.".

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