(Bloomberg) -- The global derivatives market grew at
the fastest pace in at least nine years during 2006 as the amount
of contracts based on bonds more than doubled to $29 trillion,
the Bank for International Settlements said today.
Derivatives covering bonds and loans rose by $15 trillion
last year, the Basel, Switzerland-based bank said on its Web
site. The total amount of over-the-counter contracts whose value
is derived from price changes of bonds, currencies, commodities
and stocks, or events like interest rates or the weather rose
39.5 percent to $415 trillion, the biggest jump since the BIS
began compiling the data.
Read more at Bloomberg Bonds News
the fastest pace in at least nine years during 2006 as the amount
of contracts based on bonds more than doubled to $29 trillion,
the Bank for International Settlements said today.
Derivatives covering bonds and loans rose by $15 trillion
last year, the Basel, Switzerland-based bank said on its Web
site. The total amount of over-the-counter contracts whose value
is derived from price changes of bonds, currencies, commodities
and stocks, or events like interest rates or the weather rose
39.5 percent to $415 trillion, the biggest jump since the BIS
began compiling the data.
Read more at Bloomberg Bonds News
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