Derivatives Help, But Hurt Bond Insurers

11 May 2010

Credit derivatives proved to be a boon for one bond insurer and a bust for another in the first quarter.

Credit derivatives proved to be a boon for one bond insurer and a bust for another in the first quarter. Assured Guaranty reported that its first-quarter profit nearly quadrupled from a year ago on the strength of USD230.8 million of gains on the derivatives. MBIA, however, posted a ...

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