European Fixed Coupons Decided

European dealers have decided on more than two fixed coupons for credit default swaps in the region, as first revealed by DWO last month (DW Online, 4/9). Going forward, new trades will bear strikes of 25, 100, 500, or 1,000 basis points, while existing trades will be re-couponed on strikes of 300 or 750 bps.