Credit Default Swaps

Latest News for: Credit default swaps

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Casino bankruptcy event has not occurred - CDS committee

Reuters 05 Jun 2023

The EMEA Credit Derivatives Determination Committee (CDDC) met on Friday to discuss the question raised by an investor, it said on its website ... A number of circumstances can constitute a credit event, which can trigger a payout on credit default swaps which insure against losses from exposure to corporate or sovereign debt.

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Billionaire investor Jeff Greene made $800 million betting against the last housing bubble. He just ...

Business Insider 05 Jun 2023

Greene raked in an estimated $800 million profit by betting roughly $50 million on a tidal wave of defaults on subprime mortgages in 2006 and 2007, according to Forbes. He got the idea to buy credit-default swaps on mortgage-backed securities from hedge fund manager John Paulson, who made about $15 billion for his clients from similar wagers.

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8BitDo Arcade Stick for Xbox review - an ideal fighting game companion

TechRadar 05 Jun 2023

(Image credit ... The 8BitDo Arcade Stick for Xbox is also fully customizable, so you can swap out its buttons and sticks for alternatives should you desire it ... Though you will need a screwdriver to access the stick’s innards in order to swap out the default components for your desired replacements ... (Image credit ... (Image credit.

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Turkey markets hope Simsek can revive orthodoxy Erdogan shunned

The Lawton Constitution 04 Jun 2023

Turkish default insurance costs, meanwhile, have dropped about 100 basis points in the past week, with five-year credit default swaps falling 27 basis points Friday to 551 basis points ... imbalances and credit expansion, “the lira may again get into trouble during next winter.”.

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CDS panel asked whether payment failure occurred for Casino

Reuters 03 Jun 2023

June 2 (Reuters) - An investor has asked a panel that rules on credit default swaps (CDS) whether a "failure to pay" credit event has occurred for French retailer Casino (CASP.PA), which could trigger a payout on the derivatives used to insure against default.

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The Treasury Paradox

Yahoo Daily News 03 Jun 2023

In the credit default swaps market, Treasury bonds were suddenly deemed riskier than the sovereign debt of countries like Mexico, Bulgaria and Greece ... The fissures that became visible in the Treasury bill and credit default swaps market in May were real, and many financial contingency plans included a small probability of a dire event.

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Turkish lira hits new record low after Erdogan election victory

Egypt Independent 02 Jun 2023

The lira weakened to 20.065 to the dollar in early European trade, breaking through the previous record low touched on Friday ... The nation’s dollar bonds slipped to their lowest in at least six months last week, while the cost of insuring exposure to Turkey’s debt via credit default swaps (CDS) rose to a seven-month high ... ....

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Cost of insuring vs US default increases before vote on debt ceiling bill

Reuters 01 Jun 2023

debt default rose on Wednesday, with investors focused on a debt ceiling vote in the House of Representatives later in the day ... one-year credit default swap (CDS) - a market-based gauge of the risk of default - climbed to 76 basis points (bps) from 56 bps late on Tuesday, data from S&P Global Market Intelligence showed.

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What Is a Credit Crunch? Why Is It Bad?

The Marshall News Messenger 01 Jun 2023

Banks are less willing to offer loans during a credit crunch. Elena Frolova from Getty Images; CanvaWhat Is a Credit Crunch in Simple Terms? ... For example, the 2008 Dodd-Frank Act imposed strict new rules over financial markets, limiting credit default swaps and other risky trades during the Great Recession.How Do You Prepare for a Credit Crunch?.

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La Commission européenne veut plus de transparence sur les marchés CDS de huit banques information ...

Boursorama 01 Jun 2023

LONDRES (Reuters) - La Commission européenne va proposer une plus grande transparence des négociations des CDS ("credit default swaps") de huit grandes banques pour s'aligner sur les règles en vigueur sur le marché américain, montre mercredi un document de Bruxelles consulté par Reuters ... CREDIT AGRICOLE SA ... CREDIT SUISSE GROUP.

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DoubleLine Income Solutions Fund Declares June 2023 Distribution

Victoria Advocate 01 Jun 2023

... default, as well as increased susceptibility to adverse economic developments ... In addition, the Fund may invest in other asset classes and investments such as, among others, REITs, credit default swaps, short sales, derivatives and smaller companies which include additional risks.

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DoubleLine Yield Opportunities Fund Declares June 2023 Distribution

Victoria Advocate 01 Jun 2023

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Every Crisis Has a Winner

Money and Markets 01 Jun 2023

Markets are competitive ... Yet at first glance, there are zero winners in the banking crisis this year ... Executives at First Republic, Signature and Credit Suisse likely dealt with similar situations ... (Those banks lost out, too) ... That’s how Michael Burry famously made $800 million in his bets against the credit default swap market on mortgage bonds ... ....

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EU to propose greater transparency for default swaps on eight banks

Reuters 31 May 2023

LONDON, May 31 (Reuters) - The European Commission will propose greater transparency in the trading of credit default swaps of eight top banks to mirror rules in U.S ... So-called single name credit default swaps (CDS) have come under regulatory scrutiny after the fall and ...

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US stocks slide as traders wait for lawmakers to vote on debt ceiling deal

Business Insider 31 May 2023

The price of credit default swaps linked to US debt show investors think a default is possible, though unlikely ... Markets have lowered their expectations of a US debt default, though the price of credit default swaps tied to US debt still show that investors think a default is possible.