CDS Traders Are Betting That France Is Next Up For A Sovereign Shakedown (As Are Spain And Portugal)

CDS traders were prescient in snapping up Greek and Dubai CDS long before anyone else realized the risk these countries are in (well, more like Goldman selling CDS to some very close clients, wink wink). In exchange for figuring out what it took cash bond holders months to understand, these ’speculators’ made a lot of [...] continue reading world news