Sellers of credit default swaps for radio giant Clear Channel Communications, for example, currently want nearly 62 cents to insure a dollar's worth of that company's debt.
比如,无线广播巨头清晰频道通信公司Clear Channel Communications的信用违约掉期卖家们,日前要价近62美分以确保该公司债务的美元价值。
Default rates are rising. Lots of sellers are forced. A buyer with options holds all the CARDS.
违约率在上升。许多卖家都是被迫的。有多种选择的买家可以掌控整个局面。
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