CDS notional increases more than 50%

By Beth Shah
05 Aug 2014

Overall credit default swap notional that was reported to swap data repositories last week increased by 52% from the previous week, according to data from the International Swaps and Derivatives Association. This was a significant increase following a sharp decrease of 30% reported in the previous week. Overall interest rates derivatives trading that was reported, however, declined by 23%.

ISDA reported that there was a 59% increase in the notional cleared for CDS and 67% more executed on swap execution facilities, compared with the previous week. Rates saw a decrease, with 22% less volume cleared, and 24% less executed on SEFs last week.

The total notional cleared ...

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