Swap Gauge Expands in Latest Effort to Revive Derivatives Market
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Gauges investors use to hedge against losses or speculate on the credit quality of Europe’s financial companies have been expanded in the latest effort to revive the $14.8 trillion credit derivatives market.
Benchmark indexes of credit-default swaps now protect 30 of the region’s banks and insurers, up from 25 previously tracked. That’s the most since they were created and follows two successive expansions of Europe’s high-yield corporate benchmark.