Traders in Tokyo said hedge funds, which are big buyers of credit default swaps, have been quiet on the market, keeping small positions as the year-end approaches. With more protection sellers than buyers on the other side, the cost of protection cheapened.
Another dealer said swap spreads continued to tighten due to
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Quantile, TriOptima face off in cleared swaps compression battle
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data