Credit Default Swaps news from FierceFinance
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The greatest short bets of all time
When John Paulson, of Paulson & Co., bet against mortgage-backed collateralized debt obligations, he didn't hold back. His funds shorted the ABX and longed various credit default swaps--and it Read more...
New index on counterparty risk: A new way to hedge
As Wall Street banks have made clear recently, hedging against more credit turmoil is not easy. A lot of hedges have gone bad, leading to some huge losses, even at Goldman Sachs. Financial News Read more...
Pain of hedging revisited
We've noted recently that hedging in the corporate world at large is a tricky business. Some companies, like Southwestern Airlines, have pulled it off. Others, like Bunge, have failed miserably. On Read more...
What is the nightmare scenario for the CDS market?
The sheer size of the market for credit default swaps makes people nervous. But what is the nightmare scenario? What would bring the market to its knees? You Read more...
Oaktree raises massive distressed debt fund
We've noted that valuations have improved for some on-the-brink debts as of late, notably leveraged loans and some credit default swaps. The trading psychology seems to be improving in part because Read more...
Ready for 'write-ups' in the second quarter?
Breakingviews notes another reason to think that the worst of the credit crisis may have passed. Credit default swaps on collateralized debt obligations and leveraged loans have staged impressive Read more...
SPOTLIGHT: Back office help for CDS
As you know, the back office situation for credit default swaps has long been a joke. Many have raised the issue as volume soared. Now, banks are reviving the idea of a clearing corporation to Read more...