SocGen Touts Santander, UniCredit CDS Play

08 May 2013

Investors anticipating further compression in credit default swaps on European financial names should sell senior UniCredit CDS and buy protection on Santander CDS, according to Société Générale.

Investors anticipating further compression in credit default swaps on European financial names should sell senior UniCreditCDS and buy protection on Santander CDS, according to Société Générale.

“We anticipate more CDS compression,” Juan Valencia, a credit strategist at SocGen in Paris, told DI. “Factoring in Santander’s relatively uninspiring Q1 ...

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