October in derivatives: Could CDS Brexit?

Isda weighs its Brexit options, as complex cases continue to keep the determinations committee busy


Indices drove generally tighter with few catalysts in October, as a mid-month option expiry kept the iTraxx indices pinned. Following the expiry, indices tightened despite the political situation in Spain and ended the month inside their US counterparts. The iTraxx Crossover was hit by the spectre of a default from