Bears Return To CDS Market

07 Jun 2007

A 100 point drop in the Dow Jones Industrial Average brought bears back to credit last week.

A 100 point drop in the Dow Jones Industrial Average brought bears back to credit last week. Traders and investors shed risk and bought protection across the board in size. Most high-yield names saw their credit-default swaps move out between two and three basis points. The CDX High-Yield ...

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