$3bn of CPDOs at risk of unwinding
Barclays Capital estimates $3 billion of constant proportion debt obligations are at imminent risk of being unwound.
The CPDOs in question were issued between July and September, and have exposures to 45–50 financial names. Barclays Capital says these CPDOs have suffered significant mark-to-market losses and could unwind if spreads widen more than five basis points. This could have a knock-on
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