Derivs - Credit

Asia ex-Japan corporate credit default swap spreads are approaching levels reached during the 1997 Asia crisis despite default rates being zero.

Full coverage of the Awards event and the winners is now available below. Deutsche Bank was named Global Derivatives House of the Year at a gala dinner in London earlier this week (DW Online, 9/6).

A wave of credit default swaps on sovereign debt has hit the market as a host of governments stepped in to bolster national financial institutions.

Credit default swap spreads in Europe’s autos sector have ballooned.

Christian Wait, global head of credit sales at Lehman Brothers, has been tapped as head of capital markets for Standard Chartered.

Credit default swap spreads on U.K. banks pulled in significantly this morning after the Treasury unveiled a GBP250 billion plan to shore up the nation’s banking sector.

The higher closing price of subordinate versus senior bonds during the settlement auctions of Fannie Mae and Freddie Mac yesterday have some market participants questioning how the results came about.

Lehman Brothers’ co-heads of fixed income for Europe and the Middle East, Kieran Higgins and Georges Assi, in London, are expected to land at Nomura as part of the Japanese bank’s haul of credit staffers.

Selling Standard & Poor’s 500 one year implied variance at its current historically high levels is being tipped as a likely profit-making trade, if buyers can be found and potential mark-to-market pain absorbed.

Deutsche Bank has been named Global Derivatives House of the Year by the editors of DW Online/Derivatives Week.

Flat to tightening credit default swaps in the homebuilders sector has some investors thinking the area may be worth a fresh look as spreads in other industries widen.

The LCDX 11 roll has been delayed indefinitely, according to index traders, to give the International Swaps and Derivatives Association time to approve a new loan-only credit default swap contract.