CDS notional drops by a third

By Beth Shah
29 Jul 2014

Overall credit default swaps notional that was reported to swap data repositories last week dropped by 30% from the previous week, according to data from the International Swaps and Derivatives Association. Overall interest rate derivatives trading that was reported, however, climbed by 19%.

ISDA reported that there was a 27% decrease in the notional cleared for interest rates and 28% less executed on swap execution facilities, compared with the previous week. Rates saw an increase, with 23% more volume cleared, and 45% more executed on SEFs last week.

Despite a drop ...

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