Credit Default Swaps

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1. 23.10.26

   Credit Default Swap Explained: How to Read a CDS Spread

   One basis point is 0.01%, and at 115 bps with a 40% recovery assumption the implied default probability is about 1.9% a year. This guide also covers how ISDA committees and auctions decide payouts.

   FIN · 9 MIN
2. 22.10.26

   Meta credit default swaps hit record 114.79 bps on AI spending

   Reuters, citing Markit data, said the 7.6 bps move was the biggest one-day jump since at least 2025. A record spread does not mean anyone expects a default: Meta is still rated Aa3 by Moody's and AA- by S&P.

   FIN · 7 MIN