Location: New York
Author: RiskCenter Staff
Date: Tuesday, February 3, 2009
Credit default swaps for the banking and financial services sectors saw the most active trading in the US, led by Citigroup, SLM Corporation, Bank of America and Capital One Bank according to GFI, a leading inter-dealer broker for credit derivatives. The insurance full line sector rounded out the list.
In Europe, the fixed line telecom sector dominated, led by Deutsche Telecom, British Telecom, Telecom Italia and Telefónica. Banking and gas were also among the active sectors.
In Asia, Japanese companies occupied the five most active single names for the first time. Electrical equipment and financial services sectors joined the most active sectors, led by Orix Corporation and Mitsubishi Electric. Trading companies and distributors were led by Honda, Toyota and Sumitomo Corporation.
Russia, Brazil and Turkey were the three most active sovereigns.
Three Most Active** Sectors for January 2009
|
US |
Europe |
Asia |
| Banks | Fixed Line Telecom | Trading Companies and Distributors |
| Financial Services | Banks | Electrical Equipment |
| Insurance Full Line | Gas | Financial Services |
Five Most Active** CDS for January 2009
|
US |
Europe |
Asia |
| Citigroup | Gazprom (RU) | Sumitomo Corporation (JP) |
| SLM Corporation | Deutsche Telecom (DE) | Orix Corporation (JP) |
| Bank of America | British Telecom (GB) | Mitsubishi Electric (JP) |
| Hartford Financial | Telecom Italia (IT) | Honda (JP) |
| Capital One Bank | Telefónica (SP) | Toyota Motor Corporation (JP) |
Most Active Sovereigns** for January 2009
| Russia |
| Brazil |
| Turkey |
| Mexico |
| Kazakhstan |
** GFI defines ‘most active’ as the sector, reference
entity, or sovereign with the most trades executed by GFI.
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