Avoiding the crush

Synthetic CDOs

june-synthetic-gif

It has been a one-way street for Japan’s credit derivatives market. Japanese credit default swap (CDS) spreads have just kept grinding tighter and tighter, driven by a steady demand from the country’s investors – and particularly regional banks – to invest in synthetic collateralised debt obligations (CDO), seen as a higher-yield alternative to Japanese bonds.

It has meant the credit market has been dominated by an overwhelming number of protection sellers, with the market driven by technical

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here