Emerging market fears boost CDS demand

April 24, 2015 2:04 PM

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NEW YORK, April 24 (IFR) - Demand for protection from growing credit risks in emerging markets has increased dramatically in the past six months propelled by an apparent investor belief that the worst may still not be over for the struggling asset class.

Over US$69bn of gross notional in credit default swaps referencing the five-year Markit CDX Emerging Markets Index was traded between October and mid-April, compared with just US$30bn in the preceding six-month period, according to data from Markit.

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