Credit Default Swap Indices Get Hammered By Coronavirus

Its the same all over the world. Credit Default Swap Index (CDX) across Markit indices are all declining (except for Emerging Markets).


Unfortunately, the S&P 500 index and CDX are behaving like a grizzly bear.


The CDX IG curve is updward sloping while the CDX HY curve is flattish.


Markets are hoping for more sugar from their sugar babe, Jerome Powell.


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