ABS Credit Default Swaps Expected to Grow Rapidly in Next Few Years as Investors Look for More Ways to Tap Market
The rapid growth of credit default swaps linked to ABS and MBS that has occurred over the last two years is expected to gain even more speed in coming years, according to Wall Street analysts. An estimated $75-100 billion of asset-backed credit default swaps, or CDS, have traded up through the end of November in a market that just took root two years ago, according to a new report from Bear Stearns. CDS technology …