(Bloomberg) -- The premium demanded on currency
options from developing economies fell from a seven-month high as
signs of faster economic growth lifted demand for risky assets.
The spread between volatility on currency options from
developing and major economies had declined by more than half in
the last two weeks, according to data compiled by JPMorgan Chase
& Co. The spread touched the widest since November on June 21, as
the collapse of two Bear Stearns Cos. hedge funds invested in
subprime mortgages caused an exit out of risky assets.
Read more at Bloomberg Currencies News
options from developing economies fell from a seven-month high as
signs of faster economic growth lifted demand for risky assets.
The spread between volatility on currency options from
developing and major economies had declined by more than half in
the last two weeks, according to data compiled by JPMorgan Chase
& Co. The spread touched the widest since November on June 21, as
the collapse of two Bear Stearns Cos. hedge funds invested in
subprime mortgages caused an exit out of risky assets.
Read more at Bloomberg Currencies News
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