Latest News for: Credit default swaps

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LME asks members for swift plans in case EU cuts off clearing

Reuters 15 Oct 2021
The derivatives industry is increasingly worried about the market disruption the lack of access to the EU would cause to metals, interest rate and credit default swaps contracts worth trillions of euros and want clarity from Brussels as soon as possible.
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Foreigners buy S.Korean stocks in 5 months

Sina 14 Oct 2021
SEOUL, Oct ... Premium on credit default swap (CDS), which gauges the five-year sovereign credit risk, averaged 18 basis points in September, unchanged from the previous month. Enditem. .
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Evergrande, Credit Spreads And Bitcoin

Bitcoin Magazine 13 Oct 2021
I suggest you checkout his piece on Bitcoin Magazine linked above where he goes into detail, but suffice it for this podcast write up, he calculates bitcoin’s intrinsic value as the “current credit default swap (CDS) rates and total liabilities of the G-20 nations.” As the ...
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Regulators must act to protect financial system from climate risk: report

The Hill 13 Oct 2021
During the frenzy of trading in tainted mortgage-backed securities and credit default swaps that characterized that bubble, actors across the financial system took actions they knew to be risky and potentially destructive to the system as a whole — because those actions were still in their temporary or personal self-interest, Shrago said ... ....
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Explainer-What a U.S. debt ceiling extension means for bond markets

Metro USA 12 Oct 2021
Last week’s truce appeased the bond market a bit, but investors are still eyeing default risks ahead of a new December deadline ... The thinly traded one-year credit default swaps that would pay off in case of a U.S ... sovereign credit default swaps, https.//fingfx.thomsonreuters.com/gfx/mkt/znpnezewyvl/US%20CDS%20graphic.PNG.
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Looming Evergrande bond coupon payments intensify contagion fears

The Times of India 12 Oct 2021
"We see more defaults ahead if the liquidity problem ... The cost of insuring against a China sovereign default continued to rise on Tuesday, with 5-year credit default swaps - which investors typically use as a hedge against rising risk - hitting its highest point since April 2020.
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Evergrande bond coupon payments crisis intensify contagion fears

Business Line 12 Oct 2021
"We see more defaults ahead if the liquidity ... The cost of insuring against a China sovereign default continued to rise on Tuesday, with 5-year credit default swaps - which investors typically use as a hedge against rising risk - hitting its highest point since April 2020.
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Evergrande misses third round of bond coupon payments

Straits Times 12 Oct 2021
"We see more defaults ahead if the liquidity problem ... The cost of insuring against a China sovereign default continued to rise yesterday, with five-year credit default swaps - which investors typically use as a hedge against rising risk - hitting its highest point since April 2020.
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Evergrande misses 3rd round of bond coupon payments, intensifying contagion fears

Korea Times 12 Oct 2021
"We see more defaults ahead if the liquidity problem ... The cost of insuring against a China sovereign default continued to rise on Tuesday, with 5-year credit default swaps ― which investors typically use as a hedge against rising risk ― hitting its highest point since April 2020.
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China’s property sector stalked by Evergrande default fears

Metro USA 12 Oct 2021
“We see more defaults ahead if the ... The cost of insuring against a China sovereign default also continued to rise on Tuesday, with 5-year credit default swaps – which investors typically use as a hedge against rising risk – hitting their highest since April 2020.
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Explainer: What a U.S. debt ceiling extension means for bond markets

Reuters 12 Oct 2021
Last week's truce appeased the bond market a bit, but investors are still eyeing default risks ahead of a new December deadline ... As a result of the extension, the risk of a short-term debt default has eased, if not deferred to December. The thinly traded one-year credit default swaps that would pay off in case of a U.S.
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China's bond market slides as Evergrande's 3rd missed payment hammers the property sector, while smaller ...

Business Insider 12 Oct 2021
Yields on risky Chinese corporate debt have neared decade-highs on concerns of growing default. Sinic and Modern Land are the latest developers scrambling to avoid default ... Meanwhile, credit default swaps on five-year Chinese sovereign bonds have risen 8 basis points so far this week to 59 basis points, their highest since April 2020.
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How did our home prices get so high?

The Daily Journal - San Mateo 08 Oct 2021
At the same time, the credit default swap market peaked in 2006 with inflationary pressures tweaked through higher interest rates that spurred interest in exotic loan offerings like adjustable rate mortgages with terms as short as seven years ... when they started defaulting.
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Korea issues $1.3 bil in forex bonds at record-low spread

Korea Times 07 Oct 2021
When asked whether the rapid weakening of the Korean currency of late should be a cause for concern for financial and foreign exchange authorities, Kim said Korea's financial market condition remains stable, as measured by credit default swap premiums, among other movements in key market indicators.
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The Intrinsic Value Of Bitcoin, Calculated Using Sovereign Credit Default Swaps

Bitcoin Magazine 06 Oct 2021
The basis of my paper is that BTC is insurance on the decaying credit quality of fiat-issuing sovereign nations. As such, it is credit protection on a basket of fiats ... In my paper, I calculated the intrinsic value of BTC at the then current credit default swap (CDS) rates and total liabilities of the G-20 nations ... Treasury debt (UST) against default.
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