November 29, 2018 / 8:03 PM / 20 days ago

Emerging market CDS trading value rises in Q3 -EMTA

NEW YORK, Nov 29 (Reuters) - Trading in emerging market credit default swaps jumped 42 percent to $509 billion in the third quarter of 2018 from $359 billion in the same quarter a year earlier, a survey released on Thursday showed.

Emerging market CDS trading rose 9 percent from the previous quarter’s $468 billion, according to a survey from EMTA, the emerging markets debt-trading and investment industry trade association.

It was the highest quarterly volume in records going back to 2009, EMTA said.

Turkish CDS were the most traded last quarter at $73 billion, followed by those of Brazil at $63 billion and China at $45 billion.

Among corporate CDS contracts, Brazil’s state-controlled energy giant Petrobras led in volume with approximately $2.4 billion.

EMTA’s survey includes trading volumes from 13 major international banks and broker-dealers on emerging market CDS contracts from 21 countries and nine corporate issuers. (Reporting by Rodrigo Campos Editing by Susan Thomas)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below