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CDS trading soars in second half of 2007

The credit default swap market grew strongly in the second half of last year, according to figures from the Bank for International Settlements. The BIS's latest survey of the over-the-counter derivatives market found that CDS volumes rose 36% to $58 trillion notional outstanding, although this still represented a slowdown from the 49% growth recorded in the first half of the year. Widening CDS

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