Funds, CVA Drive Quanto On Spain
Hedge funds and credit valuation adjustment desks have been buying quanto credit default swaps, which are denominated in euros but pay out in U.S. dollars, on Spain as a basis play because of a larger payout in the greenback.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
