Turkey drama shines light on robust CDS liquidity

Emerging market sovereigns are regarded as stalwarts of the credit default swaps (CDS) market. Their liquidity is dependable, and participants can usually trade in large size with relatively low transaction costs and little price impact.

  • By GlobalCapital
  • 09 Aug 2018

Gavan Nolan, IHS Markit

Those that offer doom-laden predictions about the single name product clearly pay little heed to emerging market names.

Turkey is a case in point. The sovereign has been under pressure for some time, primarily due ...

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All International Bonds

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Bookrunners of All Syndicated Loans EMEA

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1 BNP Paribas 47,043.60 195 6.55%
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4 Credit Agricole CIB 36,670.04 182 5.11%
5 SG Corporate & Investment Banking 35,773.91 138 4.98%

Bookrunners of all EMEA ECM Issuance

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3 Citi 9,948.21 58 6.33%
4 Morgan Stanley 8,572.10 54 5.46%
5 UBS 8,391.04 36 5.34%