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Sharp moves in thinly-traded credit insurance needs scrutiny, Andrea Enria says
The price of Swiss lender’s credit default swaps climbs to record high this week
CDS market is starting to get the jitters
Some managers say bond prices have fallen too far relative to the risk of default
Even CDS indices indicate little serious stress
There’s no clear reason to worry, so start worrying
Swiss bank fails to calm concerns as cost of buying its credit default swaps soars
International derivatives panel’s decision paves way for $2.5bn of payouts on insurance-like contracts
Fund manager exposed to derivatives bet of at least $1.1bn and holds $1.5bn of sovereign bonds
Debt has collapsed in value but sanctions mean insurance-like products may not pay out
Cost to protect against default rises as western allies seek to cut Moscow’s access to foreign markets
Legal threat will probably have intended chilling effect on the most aggressive hedge funds
Derivatives designed to insure against default prove worthless
Credit default swap prices tumble as lawmakers discuss aid package and vaccine nears
‘Gambling’ bets placed under watch of Cardinal Becciu, who was forced to resign last month
Market participants report just a handful of early trades in index designed to hedge exposures
Central bank stimulus cannot defy the financial laws of gravity governing defaults
Investor denies CNBC interview was designed to increase profits on his $2.6bn credit bet
Investors race to protect themselves as coronavirus threatens companies’ creditworthiness
Perceived risk of a wave of defaults rushes higher
Investors are assured that dovish central banks will keep money flowing freely
Credit default swaps added angst to fraught attempts to rescue UK travel group
Restructuring of UK-based tour operator is complicated by debt derivatives
A better solution might lie in regulation, imperfect as this often is
Countries that perform well on ESG metrics are viewed by investors as less likely to default
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