Jan 30, 2012
- Kevin Dugan
Global Macro Funds Buy U.S. CDS
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Markit·
PIMCO·
Global macro-focused hedge funds were buying credit-default swaps on U.S. sovereign debt today. The trades are being seen as a hedge against possible decreasing risk appetite across the market because the CDS move the funds to a more neutral position on global sovereign risk.
One London trader noted that the spread ....