Rallye Short Sellers to Collect $522 Million Payday on Credit Swaps In this article by Bloomberg Katie Linsell described the latest CDS triggering. The underwriters will pay collectively around half a billion. That represents coverage of around 87% of the bonds. The unsecured creditors (not covered by
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Credit Default Swaps: Can’t Live with Them, Can’t Live without Them In this article Bonds&Loans is making a comprehensive overview of the CDS market. It underlines the latest efforts by the International Swaps and Derivatives Association (ISDA) to curb on the possibilities of fraudulent defaults. However the
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New French law allowing life insurers to offer investments in cryptocurrencies The French government is taking up the trend to allow for diversification of institutional investors’ portfolios (including public investors like insurance funds). This reaffirms that crypto-assets are here to stay and step-by-step become part of mainstream
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The Bond Market Just Sent a Disturbing Message As this article by Bloomberg reports there is reduced interest in the long maturity benchmark US bonds. This is bad news for the $52 trillion sovereign debt market and its EM section in particular. Investors seem wary of putting
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Argentina CDS and bond spreads jump as investors seek reforms Argentine’s CDS have increased sizably in the last few days. The considerable change shows how drastic and fast the changes in the CDS can be, especially when sovereigns are concerned. Argentine also has a history of defaults.
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America’s banks are big. China’s are massive The size of China is massive, so are the commercial debts of the country’s companies. A course of not backing bad debt, especially as it is not concerning bank retail customers, is an official government policy in Beijing. A problem
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Debt guarantee tangle: China’s private firms hit by default contagion This story from China reiterates the commitment of the Communist party to let bad investments fail. The $800 million worth morale of the story is that certainty for debt holders is starting to get scares and passive
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Italy’s ‘perma-recession’ could trigger a €2 trillion financial crisis that threatens the eurozone itself In this Business Insider’s article Jim Edwards lays down a speculation on the future of Italy’s EUR 2 trillion strong debts. The fiscal position of the Italian government is problematic and its scope
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This Bitcoin Price Pattern Suggests $5,800 Potential Ahead This article from Coindesk strikes an upbeat thone concerning the future valuation of Bitcoin. A technical analysis puts it in the $5,200 – $5,800 range. Even that Deriveum is a specific product placed in a nieche market the overall
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Brexit: UK and EU agree delay to 31 October The EU and the UK have agreed to extend Brexit until 31th of October. This provides a bit more time for businesses and financial specialists to prepare, as well as extends our own target. We have always maintained
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