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CDS market hits $34.5 trillion

The credit default swap market has continued its rapid growth, rocketing to $34.5 trillion in notional outstanding by the end of 2006, according to the latest market survey by the International Swaps and Derivatives Association. That's a 33% increase from the end of the first half in 2006 when notional outstanding was at $26 trillion. The annual growth rate was 102% last year compared with 103% in

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