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Iceland caught in vicious circle as CDS push costs

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HedgeNordic Editorial Team
By HedgeNordic Editorial Team

March 4th (Financial Times): In Iceland, banks are now experiencing prohibitively high funding costs, as traders in credit default swaps (CDS) have pushed the cost of protecting Iceland’s three largest banks’ debt against default to gigantic lev

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HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by the HedgeNordic editorial team.
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