Japanese Financial CDS Spike After Bankruptcy Of Big Consumer Lender

Japanese consumer lenders are seeing their CDS spike as a result of yesterday’s bankruptcy of Takefuji.

Takefuji declared bankruptcy after being unable to meet the claims of its borrowers. It has $5.1 billion in liabilities.

Note that CDS on Japanese debt remains static in terms of pricing, while consumer lenders in the country have spiked on the news.

From CMA Datavision:

Japanese Financial CDS 929

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