LONDON, Aug 15- The final list of securities that can be delivered into the credit auction to settle credit default swaps linked to the Republic of Argentina may not be published until a day before Thursday's auction, adding to uncertainty over the final recovery price.» Read More
The ISDA on Friday effectively declared Argentina in default, which could trigger payments worth up to $1 billion on credit default swaps.
NEW YORK, Aug 1- The International Swaps and Derivatives Association on Friday effectively declared Argentina in default, setting in motion a process that could trigger payments worth up to USD1bn on credit default swaps.
NEW YORK, July 31- The International Swaps and Derivatives Association has agreed to consider whether a credit event has occurred on Argentina's credit default swap contracts, according to its website.
Aurelius, along with hedge fund Elliott Management, is firmly holding out on a debt agreement with Argentina.
NEW YORK, July 31- The International Swaps and Derivatives Association has received its first request to consider whether a credit event has occurred on Argentina's credit default swap contracts, according to the ISDA website.
Markets have frustrated expectations for rising bond yields, but some bond managers are still antsy and are looking to protect their portfolios.
NEW YORK, May 14- Emerging market credit default swap trading volumes surged 93 percent in the first quarter as investors scrambled to protect fixed-income portfolios because of the crisis unfolding between Ukraine and Russia.
The cost of insuring one-year U.S. government bonds against default rose 5 basis points to 35 bps on Wednesday, rising above the rate of insuring five-year debt.
Speculators – not welcome. That is the message that the EU hopes to send with its looming restrictions on financial bets against the creditworthiness of its members, the Financial Times reports.
After the unveiling of Libor rate-rigging practices among banks, eyes are turning to other markets, worrying that the manipulation would not be limited to Libor rates, the New York Times reports.
What did we think of European Commission President Jose Manuel Barroso’s comments last week on the UK and Europe?
Spain defaulted on its debt six times in the eighteenth century, and seven times in the nineteenth century. It escaped unscathed from the twentieth century, and (still) hasn’t defaulted in the twenty-first century.
Investors are seeking the safest investments and want to protect their portfolios from European exposure and unpredictability. These companies generate revenue entirely in the United States, and many of them pay a dividend that is substantially greater than the 10-year note.
CNBC's Rick Santell weighs in on recapitalizing Spanish banks and leveraging its toxic real estate market.
Tim Backshall, Capital Context, and CNBC's Rick Santelli, discuss credit default swaps and the OTC market.
Consumer discretionary stocks are some of the biggest losers in the selloff, with CNBC's Simon Hobbs.
CNBC's Gary Kaminsky and Rick Santelli discuss the rise in credit default swaps and if it signals a resurgence of debt problems.
The triggering of insurance payments on Greek sovereign debt should be a "non-issue" for the markets, as they will happen in an orderly fashion, a representative of the International Swaps and Derivatives Association (ISDA) told CNBC on Monday.
Nouriel Roubini, Roubini Global Economics chairman, explains why the economic recovery is at a "tipping point." He also issues a warning for the Chinese and U.S. economies.
As expected, ISDA says Greece triggered the payment on default insurance contracts by using legislation that forces losses on all private creditors, with CNBC's Michelle Caruso-Cabrera. Jeff Rosenberg, BlackRock, and Steve Neimeth, SunAmerica Asset Management, also weigh in.