Sink The Banks? Deutsche Bank Credit Default Swaps Soar As ECB Raises Rates (DB’s Notional Derivatives Dwarf German GDP By A Factor >20)

• Sink The Banks? Deutsche Bank Credit Default Swaps Soar As ECB Raises Rates (DB’s Notional Derivatives Dwarf German GDP By A Factor >20)
  by https://confoundedinterest.net/
  Are central banks like The Federal Reserve and European Central Bank ({ECB) sinking the banks?
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  Deutsche Bank, Germany’s largest bank (eerily like Germany’s World War II battleship The Bismarck) is seeing a blow out in its 1-year credit default swaps (CDS) as the ECB cranks up it main refinancing rate to fight inflation.
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  And then we have Deutsche’s Banks gross notional derivatives exposure (Euro 55.6 TRILLLION) dwarfing German GDP (Euro 2.7 Trillion). By a factor of greater than 20! Now, THAT’S a lot of derivatives exposure.
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