Financial services keep first spot in US and Asia CDS market

In the US, trading in the financial services sector was led by SLM Corp, Countrywide Home Loans and GMAC. In second spot came auto manufacturers, while Bear Stearns helped push the banking sector into third spot.

In Asia, financial services dominated for the 14th consecutive month, while the banking sector, led by JSC Kazkommertsbank, rose to second on the list. Trading companies and distributors rounded out the most active sectors.

In Europe, telecoms dominated for the ninth month in a row, led

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