Fannie, Freddie Credit Derivatives to Trade on U.S. Futures Exchange

(Bloomberg) -- The U.S. Futures Exchange said it
will offer an index of credit derivatives that is exclusive to
debt issued by Fannie Mae and Freddie Mac, the largest sources
of money for U.S. home loans.

The index will begin trading in the fourth quarter, the
Chicago-based exchange said in a statement today. It is being
created in collaboration with David Boberski, head of interest
rate strategy at Bear Stearns Cos., the exchange said.


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