Citadel's founder and CEO Ken Griffin said on Thursday it is "unfathomable" that a financial instrument to protect against an ...

Markets now price in the risk of the US government defaulting on its debts. The risk is small, but it should be zero.

Ken Griffin, the founder and CEO of Citadel, on Thursday called the cost of U.S. default insurance "unfathomable." He found it astounding that its price levels were comparable to those of some ...

The cost of insuring exposure to U.S. government debt has been rising steadily this year, hovering near its highest level in ...

Earning passive income doesn't need to be difficult. You can start this week. A credit default swap is a financial contract that allows an investor to offset their credit risk. It functions like ...

Steve Diggle’s Artradis was once the biggest hedge fund in Asia. In the era of the global financial crisis and “The Big Short ...

Scott Bessent’s remarks were delivered to try and reassure markets which have been roiled by rising US debt and the violent ...

This note examines the transmission of credit risk of banks to the sovereign using the collapse of the Silicon Valley Bank in March 2023—an event that reverberated globally across banking sectors—as ...

In a particularly damaging unexpected market event – such as the 2008 financial crisis – credit default swap sellers could also be forced to default on their obligation to pay the buyer of the CDS. If ...

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 ...

A credit default swap is a financial contract that allows an investor to offset their credit risk. It functions like insurance for bondholders or lenders, and is commonly used in bond markets and ...