Essays about: "Cds bond spread"
Showing result 1 - 5 of 8 essays containing the words Cds bond spread.
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1. Credit Default Swap Bond Basis Trading Opportunities in Times of Economic Uncertainty in European Financial Market
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : We investigated CDS-bond basis trading strategies during five different events, which possibly have caused market uncertainty on the European market. Those events include the peak of the Greek debt crisis (2015), Brexit announcement (2016), French presidential elections (2017), Tariffs on European Union (2018) and COVID-19 crisis (2020). READ MORE
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2. The Relation Between the Credit Default Swap and Corporate Bond Market
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : The European credit default swap (CDS) market has experienced noticeable changes and remarkably developed over the last decades. Today, the relation between the CDS and corporate bond market is a prominent topic in the financial literature. READ MORE
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3. Pricing Contingent Convertibles - in an intensity based model
University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistikAbstract : As a result of the recent years financial instability, governments have developed new regulatory frameworks for bank capital adequacy. Authorities have become more aware of keeping capital as a buffer to absorb potential losses. Due to this, a new financial instrument, so-called Contingent convertibles (CoCos) have become more interesting. READ MORE
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4. Do Acquisition Announcements Have an Effect on the Acquiring Firm’s Credit Default Swap Spread?
University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistikAbstract : Credit Default Swaps are a recent financial innovation that allow bond owners to minimize their credit risk exposure by purchasing an insurance on the bonds in their portfolio. By paying a quarterly fee to the protection seller, normally a financial institution, the protection insures that incase the issuer of bonds is unable to pay its interest; they will not lose any of their investment. READ MORE
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5. Relationship Crisis?: - An Empirical Study of the Theoretical Equivalence Relationship between CDS and Bond Markets in a Time-Varying Context
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper compares prices of traded European corporate credit risk in the CDS and bond market in a time-varying context. Theory predicts that the two markets would price credit risk equally in the long-run. However, our empirical findings between the two time periods chosen for this study contradict this theory. READ MORE