Hedge Funds Bet on Cyprus Avoiding Default

Hedge funds are betting that Cyprus won't default despite the country's current bailout troubles.

The next round of bonds that Cyprus is due to pay, on June 3, are trading at 83 percent of their face value. The high valuation, for a country that seems at risk of default, means that those trading the bonds overwhelmingly think that the country exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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