Wednesday, June 20, 2007

U.S. Loan Credit-Default Swaps May Overtake Loan Trades, Citigroup Says

(Bloomberg) -- Credit-default swaps linked to loans
will be more actively traded in the U.S. than the loans
themselves within a year, according to analysts at Citigroup Inc.,
the largest U.S. bank.

Trading of loan credit-default swaps now accounts for 50
percent of the volume of loan trades handled by Citigroup, New
York-based Jonathan Calder, head of the U.S. bank's loan sales
and trading, told a conference yesterday in Tokyo.


Read more at Bloomberg Bonds News

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