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Market Impact: 0.25
How Total Return Swaps Pile on Risk For Bondholders
Source: Bloomberg
Sovereign Debt & RatingsCredit & Bond MarketsDerivatives & Volatility
Some cash-strapped governments are turning to an obscure financial product typically used by hedge funds. The shift exposes bond investors to new risks; the article excerpt provides no figures, named governments, or details about the product.
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