(Reuters) - As hedge funds jostle for space in London's elite Mayfair
district, intense competition has created an atmosphere in which
only the highest possible returns will suffice, bankers say.
While coupons on investment grade corporate bonds are
routinely about 5 percent, the most radical new derivatives pay
up to 60 percent on an upfront basis, in exchange for insurance
against defaults on bespoke portfolios of corporate bonds.
Read more at Reuters.com Bonds News
district, intense competition has created an atmosphere in which
only the highest possible returns will suffice, bankers say.
While coupons on investment grade corporate bonds are
routinely about 5 percent, the most radical new derivatives pay
up to 60 percent on an upfront basis, in exchange for insurance
against defaults on bespoke portfolios of corporate bonds.
Read more at Reuters.com Bonds News
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