Auto CDS trades still dominate US market

According to UK inter-dealer broker GFI, auto manufacturers represented the most heavily traded sector of CDS, followed by auto parts manufacturers and financial services companies. GMAC, GM Corporation and Ford Motor Credit were first, third and fourth respectively.

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

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