Le Pen risk drives rift in CDS mart

Marine_Le_Pen_pointing_PA_230.x150
By Ross Lancaster
23 Feb 2017

Since December, 2017 has been hyped by market participants as the year of political risk, but this was the week when talk turned to action as French election race bit Europe’s CDS market. Ross Lancaster reports.

The cost of buying French sovereign CDS with a standardised contract written in 2014 has bounced in tune with the country’s political news. Polls showing an increase in support for the right-wing and anti-euro candidate Marine LePen’s sent 2014 CDS 12bp wide of Monday levels to 68bp by ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.