EU ban on naked sovereign credit default swaps unnecessary -IMF

EU ban on naked sovereign credit default swaps unnecessary -IMF
NEW YORK, April 11 (Reuters) – The International Monetary fund said the European Union was moving in the wrong direction by banning the use of a hedging strategy related to sovereign credit default swaps. In a report published on Thursday ahead of its …
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Bank Credit Risk Drops in Europe as Cyprus Deal Averts Euro Exit
The Markit iTraxx Financial Index of credit-default swaps insuring the senior debt of 25 banks and insurers fell seven basis points to 170 at 10:10 a.m. in London, according to data compiled by Bloomberg. A gauge of subordinated debt dropped 11 basis …
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Caterpillar Swaps Rise as Mining Slump Weighs on Profit Outlook
Five-year credit-default swaps linked to Caterpillar Financial Services Corp. added 1.9 basis points to a mid-price of 80.8 basis points at 4:01 p.m. in New York, according to prices compiled by Bloomberg. That means investors are paying the equivalent …
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