Home equity loan CDS surges
New angles
Trading volumes in a niche area of the credit derivatives market involving credit default swaps (CDSs) on tranches of home equity loan (HEL) asset-backed securities (ABSs) have exploded. "Trading activity has increased dramatically since the end of the third quarter, and hedge funds account for a lot of that increase," says Michael Koss, an ABS research analyst in the securitised strategy group at Lehman Brothers in New York. Dealers estimate that the net supply of CDSs into the US market since
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Credit derivatives
Regulation
CFTC chair defends under-fire crypto bill following FTX debacle
Proposed legislation addresses many of the issues that led to FTX’s failure, Behnam tells Congress
Receive this by email