RBS Makes Case For CDS Flatteners

09 Dec 2008

The Royal Bank of Scotland is pitching a credit default swap index flattener trade after mass downgrades of synthetic credit derivatives by rating agencies.

--Irene Chapple

The Royal Bank of Scotland is pitching a credit default swap index flattener trade after mass downgrades of synthetic credit derivatives by rating agencies.

Gregorios Venizelos, strategist in London, is recommending investors buy three-year protection and sell five-year protection on CDS indexes during the first half of ...

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