Credit traders’ kickstand: primary market flood gives basis for relative value

By Dan Alderson

A deluge of investment grade bond supply in the first two weeks of the year has weighed on the spread basis between the cash market and CDS, leaving opportunities for traders who believe this dislocation should correct over the coming weeks

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TAGS: CDS Europe High yield bonds Investment grade credit BNP Paribas North America Kickstand Synthetic/SRT