While most analysts and investors expect Venezuela and its state-owned oil company to make $5.3 billion in bond payments coming due next month, concern is mounting the country may find itself without enough cash to service debt as soon as next year as foreign reserves drop to an 11-year low.
Slovenia and News America saw the biggest changes in this week's Depository Trust & Clearing Corporation’s (DTCC) ranking of the size of sovereign and corporate credit default swaps.
Lithuania and Dong Energy saw the biggest changes in this week's Depository Trust & Clearing Corporation’s (DTCC) ranking of the size of sovereign and corporate credit default swaps.
Argentina and Orix Corp. saw the biggest changes in this week's Depository Trust & Clearing Corporation’s (DTCC) ranking of the size of sovereign and corporate credit default swaps.
"Why would anyone buy credit default swaps on the U.S. government? If the U.S. ever defaulted it would be because the world ended, so no one would be around to pay you on your CDS," is a thing that people more or less used to say.
MF Global Capital LLC sued several other financial companies, claiming they were part of a plot to unlawfully restrict the market for credit-default swaps.
