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Credit derivatives vols surge again

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The credit derivatives market has continued to expand at breakneck pace, with three separate surveys reporting double-digit growth rates in the asset class. And the expansion is set to continue, with one survey from the British Bankers' Association (BBA) predicting the market will reach $33 trillion by the end of 2008, a 65% increase from its year-end 2006 forecast.

The surveys - from the BBA

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