You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #46: Default Swaps Jump Most Among BRICs as Inflation Breaches 5%: China Credit [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-14-10 09:43 AM
Response to Reply #45
46. Default Swaps Jump Most Among BRICs as Inflation Breaches 5%: China Credit
http://www.bloomberg.com/news/2010-12-12/default-swaps-climb-most-among-brics-on-inflation-china-credit.html

Investor perceptions of China’s credit are worsening at the fastest pace among the largest emerging markets on concern policy makers will slam the brakes on economic growth to curb inflation.

The cost to insure against default on Chinese government debt in the past month advanced 13.5 basis points, more than in any of the so-called BRIC markets, according to CMA prices. Brazil’s similar five-year contracts increased 10 basis points, while those for Russia climbed 4 basis points. Bond risk for the State Bank of India, the benchmark for the nation’s sovereign risk in the absence of sovereign dollar securities, rose 1 basis point. The derivatives are used to speculate on market performance as well as hedge against non-payment. ..
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC