Ice CDS volumes surge as investors hedge Iran shock
Single-name volumes outpace indexes as investors target specific risks
The war in Iran has spurred frenzied trading in credit default swaps (CDSs) at Ice, with single-name contracts particularly affected.
Turnover in single-name corporate and sovereign CDSs on Ice Clear Credit has quickly ramped up since the outbreak of hostilities. Volumes reached $21.2 billion on March 16, up 256% from February 27, the day before the US and Israel launched their military action on
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