U.S. Initial Jobless Claims Fell to 654,000 Last Week Wells Fargo projects record $3 billion 1Q profit BOE Leaves Rate at 0.5%, Continues Pace of Bond Plan How Bernanke Staged a Revolution Minutes Reflect Fed’s Worries About Persistent Declines U.S. Imagines the Bailout as an Investment Tool Buffett’s Berkshire Loses Moody’s Top Credit Rating Wal-Mart March Sales Fall Short of Retail Metrics Estimate Treasuries Fall as Stocks Rise, U.S. Prepares 10-Year Note Sale Oil and copper lead rally for commodities Commodities, Stocks Advance on Economy; Yen, Treasuries Retreat Stocks jump at open on Wells Fargo profit surprise “The market for derivatives grew at the fastest pace in at least nine years to $516 trillion in the first half of 2007, the Bank for International Settlements said. Credit-default swaps, contracts designed to protect investors against default and used to speculate on credit quality, led the increase, expanding 49% to cover a notional $43 trillion of debt in the six months ended June 30, the BIS said… ‘The pace of increase in the credit segment outstripped the rises in other risk categories,’ Christian Upper, a BIS analyst…wrote…The money at risk through credit-default swaps increased 145% from last year to $721 billion…” Bloomberg, November 22, 2007Top News
More News
Market Movers
Archive
Quotable
Thursday, 9 April 2009
Posts
