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Hedge Hunters Double Default Swaps as Views Split: China Credit

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Global investors have doubled holdings of contracts insuring China’s sovereign debt as its companies raise funds abroad and views diverge on the economy.

The net notional amount of credit-default swaps protecting against non-payment by the government reached a record $15.7 billion on Nov. 7, up from $8.1 billion a year earlier, Depository Trust & Clearing Corp. data show. Chinese companies boosted overseas bond offerings 65 percent to $308 billion in