Swap Bets Lose 25% as AMR Jolts Junk Derivatives: Credit Markets - S...

Swap Bets Lose 25% as AMR Jolts Junk Derivatives: Credit Markets
San Francisco Chronicle
7 (Bloomberg) -- AMR Corp.'s bankruptcy is taking the corporate debt market by surprise, with investors losing 25 percent on bets in junk-bond derivatives that there wouldn't be a jump in defaults this year. The Chapter 11 filing from the parent of ...