February 1—Autos dominated trading in the US single-name CDS market in January, according to inter-dealer broker GFI Group.
The company’s monthly report of the most actively traded names on its broking desks showed GMAC, Ford Motor Credit and General Motors were the top three names trading in the US in that month, while auto manufacturers and auto parts were the top two sectors traded. In Europe, the new Telefónica issue prompted heavy trading of the CDS, closely followed by VNU. As a result
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