#RFB-11000470Reading: Fill in the BlanksAcademic,CoreHard
Financial Markets
Official Question Material
Prep: Varies
Financial markets swung wildly yesterday in the frenzied trading market by further selling of [blank] and fears about an unraveling of the global carry trade. At the same time, trading in the US and European credit markets were exceptionally [blank] for a third consecutive day. London trading was marked by particularly wild [blank] in the prices of credit derivatives, used to ensure investors against [blank] defaults.
Sample Answer & Audio Transcript
Financial markets swung wildly yesterday in the frenzied trading market by further selling of equities and fears about an unraveling of the global carry trade. At the same time, trading in the US and European credit markets were exceptionally heavy for a third consecutive day. London trading was marked by particularly wild swings in the prices of credit derivatives, used to ensure investors against corporate defaults.
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