Merrill Unwinds Vene Trade

Merrill Unwinds Vene Trade

Merrill Lynch is telling clients to unwind a buy Venezuela 2016, buy Vene 10-year CDS trade, which has hit target after widening by 40bp. “We recommended this buy basis trade on 13 December 2007 when the basis was tight at 51bp,” says the shop. “Towa

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