Credit Default Swaps

Quote from Maverick74:

CDS are a hedge for variance swaps. Also many convertible bond portfolios hedge with the CDS.

I'm going to be studying the CD (Cendant) bond issue that happened a couple weeks ago this weekend... should be interesting :)

I don't have access to the research we put out, I somehow screwed up my internal LAN id for access to the CDS section, have to call the help desk sunday night when we re-open for trading...


-cbk
 
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