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Credit Derivatives

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  • TOKYO, Nov 21- The cost of insuring Japanese government debt has risen to a one-year high after Japanese Prime Minister Shinzo Abe's decision to postpone a tax hike sparked worries about the country's weak fiscal position. The spread on Japan's credit default swaps widened to 59.5 basis points over U.S. Japan's CDS has widened by 20 basis points in the last two...

  • NEW YORK, Nov 20- Six years of interest rate suppression by the U.S. "The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that," said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5- year U.S. Martin Fridson, chief investment officer of wealth management firm Lehmann...

  • *Ratings downgrades hit bonds and credit default swaps. LONDON, Oct 24- Investors demanded higher yields to hold Tesco's debt on Friday while the cost of insuring against default rose sharply after ratings downgrades left Britain's biggest grocer hovering just above junk status. "The ratings remain on review for downgrade because Tesco has not yet announced...

  • Banks tear up rule book to cope with future crisis Wednesday, 8 Oct 2014 | 6:18 AM ET

    The world’s biggest banks have agreed to tear up the rule book on derivatives to make it easier to resolve a future failing firm like Lehman Brothers.

  • Fed's Lacker: I'm no fan of mortgage bond plan Friday, 19 Sep 2014 | 8:07 AM ET
    Jeffrey Lacker, president of the Federal Bank of Richmond.

    Richmond Fed's Jeffrey Lacker said that his dissent from the central bank's exit strategy stemmed from its mortgage-backed securities plan.

  • TOKYO, Sept 19- Japanese government bond prices were steady to slightly higher on Friday, erasing earlier losses despite gains in share prices, helped by short-covering after a recent sell-off. The 10- year JGB futures price rose 0.09 point to 145.50 while the 10- year cash JGB yield dipped 0.5 basis point to 0.560 percent.

  • WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday proposed a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.

  • WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday met to propose a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.

  • Banks and investors have already criticized Europe for diverging from agreed international standards and have warned that the European proposal could increase the cost of trading over-the-counter derivatives, such as interest rate swaps, in Asia by hundreds of billions of dollars, threatening systemic stability and potentially forcing EU banks out of the Asian OTC derivatives markets.

  • NEW YORK, Sept 4- A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps.

  • 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.

  • ARGENTINA BONDS VALUED AT 39.5 CENTS TO THE DOLLAR IN CREDIT DEFAULT SWAP AUCTION.

  • WASHINGTON, Sept 3- U.S. bank regulators plan to adopt on Wednesday rules forcing big banks to hold more assets that they could sell easily in a credit crunch, a requirement that is closely linked to the experience of the 2007-2009 financial crisis.

  • 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.

  • Yen bonds create Argentina CDS auction uncertainty Friday, 15 Aug 2014 | 9:46 AM ET

    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.

  • UPDATE 1-ISDA sets Argentina CDS auction for August 21 Wednesday, 13 Aug 2014 | 2:42 PM ET

    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.

  • Isda sets Argentina CDS auction for August 21 Wednesday, 13 Aug 2014 | 1:48 PM ET

    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.

  • ISDA SAYS WILL HOLD AUCTION TO SETTLE ARGENTINA CREDIT DEFAULT SWAPS ON AUGUST 21.