A little light shed on credit default swap market

Phew. Just when I was starting to get worried, new data suggests that the total value of credit default swaps outstanding is smaller — much smaller — than we’ve been told. It’s only $33.6 trillion, according to new information released by the the Depository Trust & Clearing Corporation on Nov. 4, in the first the first of what promises to be a weekly wave of information on the credit default swap market.

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