Japanese Hedge Funds Tap Elpida CDS

22 Feb 2012

Hedge fund investors in Japan are purchasing credit default swaps on five-year bonds issued by Japanese tech-firm Elpida Memory, as the rest of the domestic market grinds tighter, according to brokers.

Hedge fund investors in Japan are purchasing credit default swaps on five-year bonds issued by Japanese tech-firm Elpida Memory, as the rest of the domestic market grinds tighter, according to brokers.

CDS on Elpida are the only swaps trading wider this week apart from protection sold on Japanese ...

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