Lehman-struck bonds rally on collateral gains
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Lehman-struck bonds rally on collateral gains

06 October 2009
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The secondary market pricing of two cat bonds struck by the bankruptcy of total return swap (TRS) counterparty Lehman Brothers has increased by a third since mid-summer, after a rally in underlying collateral pricing.

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Topics

AnalysisCatastrophe bondsSecondary tradingOctober 2009/1
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