A credit default swap (CDS) is a contract that allows ... How credit default swaps work A CDS is a contract that involves a buyer and a seller. The issuer, or seller, offers to manage some of ...

Spreads on U.S. six-month credit default swaps (CDS) - market-based gauges of the risk of a default - widened to 70 basis points on Friday from 65 bps on Thursday, according to S&P Global Market ...