Divergence in Southwestern Energy and Chesapeake Energy bond and equity prices hit a high in Q1 2016 with the spike in Chesapeake 5 Year Senior USD MR14 CDS spread. Thereafter and through to present, equity prices remain divergent while bond prices converge.
Topics: credit default swaps, energy, CDS
High volatility in both the IHS Markit CDX LatAm Corporate Index and Mexico 6.75% 2034 note can be observed in the 90 days leading up to the Presidential election. Most recently, a sharp widening of the given CDS spread is noticeable at the end of October after Director James Comey stated that the FBI was reopening its investigation into Hillary Clinton's email scandal. This widening was quickly reversed just days before Election Day when Comey and the FBI determined there was no further evidence of wrongdoing by Clinton.
Topics: credit default swaps, CDS, Election
IHS Markit's Top 10 CDS Movers / Spreads for October 25, 2016.
Topics: credit default swaps, IHS Markit, CDS
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