Goldman CDS Curve Inverted As Probe Deepens

The front-end of the credit default swap spread curve on Goldman Sachs became inverted late last week for the first time since mid-2009, meaning the cost of buying protection on the firm became more expensive over the shorter term than the long term. Traders are attributing the move to jump-to-default risk—essentially the fear that negative headlines and regulatory pressure on the firm could ultimately cause it to fail.

  • 10 May 2010

--Katy Burne

The front-end of the credit default swap spread curve on Goldman Sachs became inverted late last week for the first time since mid-2009, meaning the cost of buying protection on the firm became more expensive over the shorter term than the long term. Traders are attributing the ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 241,652.19 924 8.19%
2 JPMorgan 223,721.63 996 7.58%
3 Bank of America Merrill Lynch 216,064.78 722 7.32%
4 Barclays 184,894.55 671 6.27%
5 Goldman Sachs 158,954.58 518 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,522.19 61 6.56%
2 BNP Paribas 32,284.10 130 6.51%
3 UniCredit 26,992.47 123 5.44%
4 SG Corporate & Investment Banking 26,569.73 97 5.36%
5 Credit Agricole CIB 23,807.36 111 4.80%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.81%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%