CDS update May 14th

North America

Normal behavior, low volatility.

 

Europe

Higher volatility than usual.

T/W ratio reversing from positive 90 yesterday to negative 1.7 today mimicking bond and equity markets, ergo being highly influenced by FX. High volatility expected in the short term with negative T/W ratio.

 

Asia

 

Sovereigns

Negative T/W ratio mostly due to Europe.

 

Comparative market summarization 

Private:

 

 

Sovereign:

 

 

Financial risk

 

 

Index fair values

 

 

LIBOR

 

1 month 

The last reported monthly rate is: 0.2800%

 

3 month

The last reported monthly rate is: 0.34656

 

6 month

The last reported monthly rate is: 0.53063

 

1 year

The last reported rate is: 1.01563

 

TED Spread

 

 

*Data compiled via: Bloomberg, CMAvision, Markit and MoneyCafe.com