US buy side continues to build shorts in IG credit, says Citi

Wednesday, September 04, 2013

Buy side firms are still net long but are buying more protection on the investment grade index, calculates Citi

Comment by: Anonymous. Posted 10 years ago [2013-09-05 02:29:41]

I wonder what is the root cause of the difference in net long position between US and Europe for index CDS? Is it that US investors have more opportunity to short (hedge) IG single-name CDS (so therefore do not need the index)?

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