Auto CDS trades still dominate US market
The US credit default swap market continues to be dominated by contracts based on the debt protection of automobile and auto parts manufacturers, indicating the unpheaval caused by the downgrades of Ford and GM in May have not yet died away.
In Europe, fixed-line telecoms, industrial services and banks were the most actively traded sectors, while Gazprom joined the list of most actively traded individual companies, coming third behind Tele Danmark and Rentokil.
GFI said
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