Feature
Investors back growth in sterling CDS market
sterling credit default swaps
Eastern promise for telecoms
European telecoms
Sector recommendations
sectors
Weighing up the risks and rewards of CDOs
Risk and reward
The Raw Deal
opinion
Martin Fridson
opinion
A question of structure
Tranching
New CDO applications
Innovations
In The City
opinion
Transparency: a more efficient market
Pricing and trading
Enter the CDO-squared
CDOs-squared
The emergence of a CDO market
Birth of CDOs
Why e-trading is a turn-off for UK
sterling e-trading
The runaway success of credit derivatives
Introduction
credit £ secondary market liquidity
sterling liquidity survey
Synthetic structures
Synthetic CDOs
Telecom Italia’s 50-year flop
focus: 50-year bonds
The debate over ultra-long credit
focus: 50-year bonds
Ethical bonds: a flight of fancy?
ethical investing
Rating the products
Rating agencies
Cash bonds and CDS diverge
cash versus CDS
An expanding market
Conclusion