Credit derivatives could be set to reverse a decade of contraction, despite a slow start to the year that has seen traded credit default swap notionals fall by almost a quarter. A positive result from round one of the French election, which sees centrist candidate Emmanuel Macron tipped to beat far right rival Marine Le Pen on May 7, is being viewed as an inflexion point for a market where outstanding CDS notionals plummeted from US$60trn to US$12trn over the past 10 years.
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机译：尽管今年年初进展缓慢，信用违约掉期交易的名义交易量下降了近四分之一，但信用衍生品可能会扭转十年收缩的趋势。法国大选第一轮的积极结果是中间派候选人伊曼纽尔·马克龙（Emmanuel Macron）于5月7日击败最右手的竞争对手勒庞（Marine Le Pen），被视为市场的转折点，杰出的CDS名义价格从60美元暴跌至在过去10年中，价格为$ 12trn。
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