Summary
LONDON (IFR) - Questions over the value of sovereign credit default swap protection have contributed to net notionals on Greece and Portugal tailing off sharply over the past few months, dealers said.
Figures from the Depository Trust & Clearing Corporation show net notional Greek CDS falling from $6.3 billion at the beginning of 2011 to $4.6 billion as of July 15, and net notional Portuguese CDS tumbling from $7.8 billion to $6 billion.See the full content of this document
Extract
Greek Notionals Fall As Cds Questions Linger
Over the same period, CDS referencing Greece ballooned from 999bp to 2,395bp and CDS on Portugal jumped to 1,128bp from 499bp, according to Markit.
"It makes sense that Greek notionals...See the full content of this document
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