Lull in credit derivatives volumes on September 11 anniversary
European credit derivatives volumes are seeing minimal trading today, the first anniversary of the terrorist attacks in the US.
The most liquidity this week has been for protection against the European telecoms sector. “A number of liquid names have come in five to 10 basis points, including France Telecom, Deutsche Telekom, Tefonica and KPN,” another London-based trader said. “The main driver is reasonable performance on the equity
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