# Isda AGM: Rate of decrease in CDS notional falls

The fall in notional - encompassing CDSs on single names, baskets and portfolios of credits and indexes - was the lowest since the financial crisis took hold during the second half of 2008. Notional volumes dropped by just 3% to $30.4 trillion in the six-month period to December 31, 2009. That is significantly less than the 29% drop seen in the last six months of 2008, as well as the 19% reduction reported in the first half of 2009. The$30.4 trillion CDS notional reported in the latest survey i