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Infrastructure

Tranche warfare

Many investors have taken a negative view on US subprime mortgages over the past year through credit default swaps. But with the US Congress putting pressure on servicers to modify the terms of loans to help borrowers avoid default, those trades might…

Against the grain

While UK and Danish pension funds have been frantically buying up long-dated government paper, German funds have begun to do the opposite. Gareth Gore talks to the country's largest scheme about its own portfolio revamp

The pipeline cleaner

Chris Whitman, group treasurer of Deutsche Bank, talks to Alexander Campbell about maintaining bank liquidity

SSY brokers groundbreaking FFA option deal

SSY Futures has recently brokered a forward freight agreement (FFA) option transaction covering Panamax earnings out to the end of 2012. The deal, fixed between two leading FFA users, has confirmed industry claims that there is appetite for longer-dated…

Markit launches ABCDS spread service

London-based data provider Markit has begun a daily service providing fair-value spreads for credit default swaps (CDS), referenced to certain asset-backed securities (ABS) in North America.

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