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Traders seek protection from bond sell-off with derivatives

They rebuild positions as they buy new credit swaps which protect against writedowns, bond exchanges
Friday, October 17, 2014 - 05:50


THE overhaul of the US$18 trillion credit-default swap market came just in time.

As plunging Greek, Italian, Spanish and Portuguese bonds ignite investor concern that Europe's sovereign debt crisis is returning, traders are seeking protection from turmoil with derivatives.

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