Latest DTCC CDS Update

Last week's derisking continued, however at a more moderate pace, with $83 billion of net notional increase in CDS versus $138 billion last week. Only the healthcare and industrials sectors saw a rerisking, with industrials due for a substantial technical push wider after 2 weeks of rerisking. On the derisking side, sovereigns/state bodies saw a $30 billion increase in net, not surprising with...