MARKET TALK: Volume Of CDS On BP Rises 19% Week On Week

16th Jun 2010 20:13

1912 GMT [Dow Jones] The volume of credit default swaps on BP has risen nearly 19% in the past week, according DTCC. The gross notional volume of CDS referencing debt issued by the troubled oil and gas company as of June 11 was $12.6 trillion, up from $10.6 trillion on June 4, according to DTCC figures released Tuesday. One year ago, the volume of CDS on BP was $9.1 trillion. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires June 16, 2010 15:13 ET (19:13 GMT)

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