CMA has added credit default swap (CDS) on key sovereign debts to its free-of-charge daily CMA Marketflash. The move will keep subscribers informed of changes in the quality of sovereign credit risk amid increasing uncertainty following the rating downgrade of U.S. credit rating and the continued volatility in European sovereign debt risk. CMA’s Daily Marketflash includes five-year tenor CDS levels, the cumulative probabilities of default and the CMA CDS market implied rating. CMA, a subsidiary of CME Group, sources CDS data throughout the trading day directly from major participants in the OTC markets and provides CDS levels across a global universe of credit instruments.
Click here for the release from CMA.
