Brazil Leads EM CDS Trade

Brazil Leads EM CDS Trade

EM CDS turnover was $1.1trn in 2009, with Brazilian sovereign contracts most frequently traded and UMS CDS fourth most liquid, according to an inaugural survey by EMTA. Brazilian sovereign CDS volume hit $159bn, while Mexico saw $120bn, lagging Turkey and Russia. The second most liquid corporate CDS contract was Pemex, at $13bn, though this was dwarfed by $144bn in Gazprom CDS flow last year. “Banks in particular are interested in hedging loan books for their largest corporate markets,” says Dav

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial