Tag Archives: CDS

Deutsche Bank, Again

Whenever we see markets tanking as they have been for the past few days with the Dow down almost 1,000 points (3.7 percent) since Friday’s close, we think counterparty risk may be spooking traders and investors.   We suspect, and we … Continue reading

Posted in Germany, Uncategorized | Tagged , , | 21 Comments

2012: Sovereign Risk Compression

Great data from Bespoke.  Looks like Portugal is the odd man out as the only government in which its CDS spreads have widened this year. (click here if table is not observable)

Posted in Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

It’s Official! Western Europe Now An Emerging Market

The Markit SovX CEEMEA CDS index has traded through the SovX Western Europe CDS index for the first time.   Just a little over a decade ago, some of these countries in the CEEMEA were either: 1)  in hyperinflation; 2)  in … Continue reading

Posted in Black Swan Watch, Bonds, Euro, Fiscal Policy, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

The Greatest Trade Ever?

Check out Bespoke’s great table of Credit Default Swap (CDS) prices.   We don’t trade CDS, but doesn’t Long China/Short Japan,  straight up,  seem like the greatest trade ever? Or just outright short at 53 bps?   Japan’s public funding requirement is almost … Continue reading

Posted in Black Swan Watch, Bonds, Monetary Policy, Sovereign Risk | Tagged , , , | Leave a comment