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Dealers vote for Idearc credit event auction
Wednesday, April 1, 2009
Dealers have vored to hold credit event auctions to settle credit default swaps and LCDS referencing Idearc, which filed for bankruptcy yesterday. Idearc is a constituent of LCDX and CDX HY. The date of the two separate auctions is yet to be determined.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
