Foreign exchange
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
Susan Hinko
profile
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
Structured credit: who needs a psychoanalyst?
Sponsored foreword
Rating the products
Rating agencies
Cash bonds and CDS diverge
cash versus CDS
An expanding market
Conclusion
credit € secondary market liquidity
euro liquidity survey
Bonus time
salary survey
Junk status ‘imminent' for GM after new losses
General Motors
GM: cause and effect
chart of the month
Monthly Review
LOSSES & LAWSUITS
Basel II deadlines pushed back
COVER STORY