Email of the day (1)
Comment of the Day

September 15 2011

Commentary by Eoin Treacy

Email of the day (1)

on creating overlay charts:
"I have noticed that some of the CDS charts have not updated since March 2010 (Emerging Markets generic price 5 yr). Is it possible for this to be updated? Also I was trying to overlay various CDS charts but am not sure how to import a chart that is not on the 'relative' drop down box. Your assistance is as ever greatly appreciated. Hope you are both keeping well."

Eoin Treacy's view Thank you for this email which I'm sure will be of interest to other subscribers. Unfortunately, we no longer have access to a number of CDS indices due to restrictions by the data suppliers. This mainly applies to indices of groups of CDS rather the country specific indices.

To create an overlay chart using instruments that are not found in the dropdown menu follow these instructions.

1. Locate the base instrument for the overlay using the search or the menus. For example type "UK CDS" into the search and one option will appear. Click on it.

2. When the chart appears click on the 'Charting' tab located in the charcoal bar directly above the chart area.

3, A popup window will appear. To create an overlay using whichever instrument you choose, click on the 'Other Relative' tab highlighted in green directly below the Relative dropdown menu.

4. A new window will appear containing the Chart Library's various menus and a search field. For example type 'Greece CDS' into the search field. There will be one result. Click on it.

5. You will be returned to the original popup window.

6. Select overlay from the ratio dropdown menu.

7. Hit 'Apply' at the bottom of the window.

Your chart should look something like this.

This Chart Library Performance Filter of all the CDS indices we have in the Chart Library highlights the acceleration in risk premia attached to European sovereigns. A click through of the various charts also highlights the fact the most CDS have risen over the last month, even for markets comparatively far removed from the Eurozone.

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