Financials and telecoms are most active CDS

Credit default swaps referenced to financial services firms, banks and telecom companies were among the most active in April trading, according to a monthly list produced by interdealer broker GFI.

In the US, the financial services sector was particularly active, led by student loan provider SLM Corp, Countrywide Home Loans and finance company CIT Group. Carmakers and banks also topped the most active list, led by Ford and Washington Mutual.

In Europe, telecoms dominated CDS trading for the

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