Derivs - Credit
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Korea’s move to inject funds in to its slowing economy has had a dramatic impact on local credit default swap spreads.
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Former Lehman Brothers global collateralized debt obligation head Peter Hornick has joined Deutsche Bank as head of North American credit sales, which includes distressed debt, high-grade, high-yield and structured products.
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The final price for settling credit derivative transactions on Landsbanki senior debt has surprised the market.
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The cost of buying protection on Marks and Spencer fell today after the U.K. retailer unveiled better-than-expected results for the first half of the year.
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Indonesia saw sovereign credit default swaps tighten and one-month non-deliverable forwards price in lower rupiah depreciation against the U.S. dollar, as markets show signs of recovery.
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The European Commission is forming a working group to drive through a clearing solution for credit default swaps, which have drawn increasing scrutiny after being seen as the root cause of the credit crisis.
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Lufthansa’s move to acquire BMI British Midland has not hit the cost of buying protection on the German airline.
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Daiwa Securities has hired a swathe of staffers, picking up senior names from collapsed banks Bear Stearns and Lehman Brothers.
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The cost of protecting Dutch insurer Aegon from default plunged this week, after the Netherlands government announced plans to allow the company access to its EUR20 billion (USD3.9 billion) liquidity and capital facility for financial institutions.
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The IntercontinentalExchange’s decision to acquire The Clearing Corp. should pave the way for a speedier launch of a clearing house for credit default swaps.
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European investors are selling protection via credit default swaps as improved confidence runs through the market. -
The cost of buying protection on Hungary dropped yesterday as the International Monetary Fund, the European Union and the World Bank unveiled a financial package to shore up the country’s economy.
