TITLE

Credit Market Grows to Everyone's Advantage

AUTHOR(S)
Simons, Howard
PUB. DATE
December 2006
SOURCE
Investment Dealers' Digest;12/4/2006, Vol. 72 Issue 46, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information related to credit default swaps (CDS). CDS allow traders to detach and trade a bond's risk, a notional concept, without having to trade the often-illiquid bonds. The price of the underlying bonds will be stable and the option adjusted spread will appear quiescent if the bond traders trade the CDS and not the underlying bonds.
ACCESSION #
23324742

 

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