Fill In the Blanks

Financial markets swung wildly yesterday in 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 European credit markets in London was exceptionally heavy as traders frantically reassessed their appetite for risk-prompting wild swings in the prices of the key derivatives. It was the third day of frenetic activity in the European credit markets, suggesting that equity market swings were prompting a wider repositioning of investors in a host of asset classes.