Bond yields and the cost of insuring the country against default rising on fears of intensifying sanctions, recession and falling oil prices.» Read More
NEW YORK, Sept 4- A Manhattan federal judge on Thursday narrowed but refused to dismiss a lawsuit accusing 12 major banks of fixing prices and restraining competition in the multitrillion-dollar market for credit default swaps, violating U.S. antitrust law.
NEW YORK/ LONDON, Aug 21- The International Swaps and Derivatives Association has set an action date of September 3 to settle Argentina's credit default swaps after including two controversial yen-denominated bonds in the list of deliverable securities.
NEW YORK/ LONDON, Aug 21- The International Swaps and Derivatives Association will include two yen- denominated bonds in the list of securities used to settle Argentina's credit default swaps, a move that will likely reduce the payout for protection holders.
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that can be delivered into the credit auction to settle credit default swaps linked to the Republic of Argentina may not be published until a day before Thursday's auction, adding to uncertainty over the final recovery price.
NEW YORK, Aug 13- The International Swaps and Derivatives Association will hold an auction on August 21 to settle credit default swaps referencing Argentine debt. The 15- member committee has determined a list of securities that will be deliverable into the auction, including some of Argentina's Par 2038, Discount 2033 and Global 2017 notes.
NEW YORK, Aug 13- The International Swaps and Derivatives Association will hold an auction on August 21 to settle Argentina's outstanding credit default swaps. The auction will determine the payout that holders of protection on Argentine debt will receive as a result of the sovereign's default on July 30.
The ISDA on Friday effectively declared Argentina in default, which could trigger payments worth up to $1 billion on credit default swaps.
Aurelius, along with hedge fund Elliott Management, is firmly holding out on a debt agreement with Argentina.
Markets have frustrated expectations for rising bond yields, but some bond managers are still antsy and are looking to protect their portfolios.
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.
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.
A group representing dealers in credit default swaps ruled that Friday's Greek bond swap constitutes a "credit event" that entitles holders of Greek CDS to compensation.
Charles Dallara, who represented bond holders in the Greek debt talks, told CNBC Friday he doesn’t expect other troubled EU countries such as Italy, Portugal and Ireland to need a similar bond swap.