Rounding off a difficult year

Sponsored Statement

Risk: It has been a difficult market for inflation in the UK. On the supply side, there has been a massive shortage – corporates have been pulled back from issuing due to the credit crisis, private finance initiative (PFI) deals have been put on hold. We have also seen a massive de-leveraging of hedge funds over the past few months. Can you describe the dynamics of the market in the past few months and talk about the relationship between break-evens, cash and swaps in the UK?

Dariush Mirfendereski (DM): About a year ago, the credit crunch was well under way. We were seeing a couple of hedge funds that were involved in this market suffer and being made to unwind trades. It was very small scale, although we were getting indications that perhaps using the monoline insurers was going to be hard. There were indications that the supply side may be constrained but it wasn't dangerous as such.

Pdf - Rounding off a difficult year (PDF, 3.07MB)

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: