swaps market

Another irony is by playing loose with the "voluntary" nature of haircut, they may have undermined the credit default swaps market.

Had AIG been allowed to go bust, the swaps market might well have unravelled.

The investigation is not the first time the credit default swaps market has been targeted by US regulators.

Unlike most other big players in the swaps market, hedge funds aren't subject to heavy oversight by regulators or capital requirements.

But less than a decade ago, the credit-swaps market barely existed.

Take credit insurance. Banks that own corporate bonds may use the swaps market to hedge against a company defaulting.

Its exposure to the murky credit-default swaps market alone is a notional $441 billion, enormous by anyone's standards.

One candidate for a leak is the credit default swaps market.

The day before, Brazil spent $2. 75bn selling dollars in the currency swaps market to stop the rapid decline of the real.

As a result, they bought insurance in the swaps market instead, driving Greek swap prices through the roof.

He was partly right: the credit-default swaps market has buckled but not broken.

And the mayhem in the swaps market has shown the importance of on-exchange trading, so that trading remains orderly in times of stress.

Andthe mayhem in the swaps market has showntheimportance of on-exchange trading, sothattrading remains orderly in timesofstress.

That is what the credit default swaps market shows: spreads on UK government bonds have drifted up again, to 70 basis points.

Following the jobs report, the swaps market showed investors increased their bets on rate cuts later this year and in early 2012. BOCWATCH