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Friday, September 30, 2011 - 14:37

Credit Default Swaps:Mkt Weak, Many Reluctant To Unwind Hedges

CHICAGO, Sept 30 (MNI) - The benchmark index on investment grade U.S. credit default swaps or IG17 widened Friday as the overall tone of the market was extremely weak.

The IG17 gapped open wider at 141 basis points versus Thursday's 3:00 p.m. ET close of 140 bps and the 5:00 p.m. ET close of 138.625 bps. The in