Funds snap up credit vol on iTraxx Main

By Hazel Sheffield
15 Oct 2014

Hedge funds and real money players have continued to buy credit volatility this week by buying payer structures in iTraxx Crossover and Main, while also buying receivers, mostly on Main.

“It is not often that we see flows in credit options being so stoutly biased towards one side. This is the case now, however, with buying greatly dominating exchanges,” Paola Lamedica, credit sector specialist at BNP Paribas in London, said in a client note.

Lamedica said that investors ...

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