Pre-migration untagged articles
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Credit default swaps became decoupled from equities this week. Normally, the two markets trade side by side, but this week, while the Dow Jones Industrial Average traded above 13,000 for the first time, CDS indices inched wider over the week.
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JP Morgan and Diapason Commodities Management, the Swiss commodity and asset management firm, together this week unveiled a new commodity index designed to help investors gain exposure to the sector.
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JP Morgan last Friday took the highly unusual step of offering to buy back a Eu280m CMS steepener which is at the centre of a growing political scandal in Greece.