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Trading
Dealers schedule CIT auction for 20 November
Monday, November 16, 2009
Credit default swap traders have set a date for the auction to settle trades referencing CIT. The credit event auction will take place on 20 November. CIT’s credit event was triggered after the US mid-market lender filed for bankruptcy on 1 November.
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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 |
