"New CDS Data
For the credit default swap (CDS) market, the gross market value—which measures "the cost of replacing all existing contracts and [is] thus a better measure of market risk than notional amounts outstanding—is $5.7 trillion. The total notional CDS outstanding fell to $41.9 trillion.
The gross market value of single-name CDS is $3.7 trillion, and the total notional single-name CDS outstanding is $25.7 trillion. The gross market value of multi-name CDS is $1.96 trillion, and the total notional multi-name CDS outstanding is $16.1 trillion.
Read the whole report.