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CIT auction not likely to be heavily bid

Author: Mark Pengelly

Source: Risk magazine | 04 Nov 2009

Categories: Credit Derivatives

Topics: Collateralised debt obligation (CDO), Credit default swaps (CDSs)

Auctions to cash-settle credit default swaps (CDS) on New York-based commercial lender CIT might not be heavily bid, despite its popularity as a constituent...

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CIT auction not likely to be heavily bid

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