The volume of activity in sovereign credit default swaps linked to the US, UK and Japan have doubled in the past year because of concerns about their public finances.
Read the whole story @ FT Alphaville
Posts Tagged ‘japan’
Jump in sovereign CDS volumes
Monday, November 23rd, 2009Japanese Corporate Bond Risk Rises, Credit-Default Swaps Show
Friday, November 20th, 2009The cost of protecting Japanese corporate bonds from default increased, according to traders of credit-default swaps.
The Markit iTraxx Japan index rose 2.5 basis points to 145.5 basis points as of 9:30 a.m. in Tokyo, according to Morgan Stanley. That’s up from 135 basis points on Nov. 13, CMA DataVision prices show.
Read the whole story @ Bloomberg