Bear Stearns, by virtue of being a major credit default swaps protection writer, could have triggered cascading defaults in the primed - for - disaster credit default swaps market. (nakedcapitalism.com)
US Treasuries initially sold off only to recover, investment grade corporate bond markets had a somewhat muted reaction, while high yield and Credit Default Swap markets widened considerably. (indexologyblog.com)
The market for credit default swaps market (a derivative on insurance on when a business defaults), for example, was enormous, exceeding the entire world economic output of $ 50 trillion by summer 2008. (globalissues.org)