Autos dominate December CDS trading

Credit default swaps (CDS) offering protection against debt issued by US auto companies, European telecoms and Asian financial services institutions were again the most actively traded credit derivatives in December.

Credit default swaps on auto manufacturers, in particular Ford and General Motors, were the most active US CDSs, according to New York-based interdealer broker GFI.

Telecom Italia was once again the most active European CDS, with the telecom industry dominating the market. In As