Comments on: Opportunity in Sovereign CDS Spreads?

By: Kid Dynamite

Kid Dynamite — Wed, 10 Feb 2010 22:12:35 +0000

hi Shishir – one reason i always thought that CDS of benchmark countries like US, UK and Switzerland was a better SALE than purchase is because if you ever get the black swan event you're hoping for as a buyer of the CDS, you run into an AIG scenario where whomever you bought the protection (CDS) from is totally hosed and will not be able to make good on the insurance. if you're the one who sold the protection, and the country defaults, you're screwed anyway and the currency is probably worthless!

By: Shishir Nigam

Shishir Nigam — Fri, 01 Jan 2010 14:37:10 +0000

Thanks Johnni!

I got the spread data from Bloomberg. I might be remembering incorrectly, but I think you can get it from the WCDS screen.

You can also find the S&P ratings from Bloomberg.

By: Johnni

Johnni — Wed, 30 Dec 2009 12:31:10 +0000

Good stuff Shishir!
I would like to implement the CDX/Rating myself. May i ask how/where you got acess to CDS spread data?

Regards

Johnni