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Five-year bonds issued by MF Global in August fall as low as $0.45 on the dollar intraday but recover and trade up to $0.67 late in the day. Still, the cost of insuring against a default by the broker has exploded: To insure $10 million in face ...
May 10, 2012 at 19:27 | Source: Motley Fool
LCH.Clearnet, which is set to be bought by the London Stock Exchange at the end of the year, said on Tuesday it had launched its international service for CDS contracts, which insure the buyer ... Brothers in 2008 and MF Global in 2011.
May 15, 2012 at 10:46 | Source: Reuters