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MCDX trading wider than CDX IG for first time, says Markit

Thursday, December 11, 2008

Markit noted yesterday that municipal credit derivative index MCDX is trading wider than CDX IG for the first time since MCDX was launched on 6 May this year. Spreads on MCDX, which references 50 municipal bond credit default swaps, were quoted at around 330 basis points yesterday. Spreads on the CDX IG were at around 269bp.


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CFlux secondary 
CLO index levels:

Index
21 May
CFlux USD AAA  ↑ 96.2
CFlux USD AA  ↑

88.3
CFlux USD A  ↓ 84.1
CFlux USD BBB  ↓ 75.3
CFlux USD BB  ↓

74.1
CFlux USD EQ  ↑ 77.5

 

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