Weekly Most Liquid CDS Universe Summary

The below chart sorts the over 350 names that make up the DTCC most liquid index, sorted from most risky to least risky.

The Top 10 riskiest names are:

1. Financial Guarantee Insurance Co

2. Ambac Assurance

3. Aiful Corp

4. Takefuji Corp

5. Ambac Financial Guarantee

6. CIT

7. Argentine Republic

8. MBIA

9. PMI Group

10. MGIC

And Top 10 least risky names:

1. Ciba (18bps)

2. Baxter International (20 bps)

3. McDonalds (21 bps)

4. Campbell Soup (21 bps)

5. Bristoll Myers Squibb (23 bps)

6. AT&T Mobility (23 bps)

7. Unilever (25 bps)

8. McKesson Corp (25 bps)

9. JTI UK Financial (25 bps)

10. United States Of America (26 bps)

The full list here as an attachment

Comments

[mgarrett84]

What do we draw from the unwinding of CDS?  Are these tear-ups?

[Tyler Durden]

probably, although tear ups affect gross. Observe the massive gross tear up in Goldman last week per DTCC despite the increase in net.

[ShankyS]

TD - Do you really trust the numbers coming from DTCC? IMO they are a major player behind the scenes.

[Tyler Durden]

just a data aggregator in this case.