Portfolio Hedging Mutes Equity Widening
Credit derivatives investors last week piled into long-dated super-senior European index hedges to capitalize on spread widening brought on by rating agency actions on hundreds of sub-prime mortgage bonds.
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
