FT Alphaville Reporter, data addict, footnote reader, coffee drinker. These are my opinions. There are many like them, but these ones are mine.
Activity in CDS referencing Spain again, but this time by notional rather than contracts.
While activity in Italy CDS was up last 3wks, Spain was active rel. to historical trend w/e June 17 & 24.
The activity in Italy CDS in notional terms also shows an increase, but is even more volatile from week to week.
Trading activity in Italy CDS has been higher last 3 wks compared to the rest of the year. 475 contracts last wk.
However, on a relative basis, the magnitude of this is on a different scale. cc @mathijsbouman
Core countries, like NL, have seen their CDS spreads follow recent moves in the SovX WE. cc @mathijsbouman
CDS on Spain showing off by being the only SovX WE member currently experiencing an improvement on the day.
BSkyB CDS deteriorating. Has highest Markit Liquidity Score (1). Quotes/day down recently though. $BSY
According to Markit BOAT, OTC equity turnover for UniCredit & Intesa Sanpaolo was muted ystry compared to last wk.
Markit iTraxx SovX WE closed at 291bp ystrdy. Markit iTraxx Eur Snr Fins at 183bps & Sub Fins at 320bps.
In the spirit of @jsphctrl's "Eurocrashing" http://on.ft.com/pmBjY1: Top 10 worst performers in the iTraxx Europe
Bca Monte Paschi SpA CDS, from start of year to Friday. This time with net notional history. cc @reochr
Thursday was a record in daily trading activity in the Markit iTraxx SovX WE. Giving my graph scaling issues..
Graph of the same (Markit iTraxx SovX WE & CEEMEA), closing levels up to Friday.
Markit iTraxx SovX Western Europe vs SovX CEEMEA today. The y-axes are not mislabelled.
Graph 19 from the BIS report http://t.co/IUAXI2A Note size of circles and BE + DE not on ultimate risk basis.
Bca Monte Paschi SpA senior & sub CDS, from start of year to Friday. There's $1.4bn net notional outstanding $BMPS
Intesa Sanpaolo SpA senior & sub CDS, from start of year to Friday. There's $2.0bn net notional outstanding. $ISP
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