Credit traders’ kickstand: a year comes undone in a week as world faces coronavirus moment of truth

By Dan Alderson

As the coronavirus outbreak reaches a 'decisive point', according to the World Health Organisation, one of most volatile weeks in recent memory has hauled credit spreads from their post-financial crisis tights to much wider levels last seen in the first half of 2019 and, in the case of emerging markets, more than a year ago.

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TAGS: CDS Europe High yield bonds Investment grade credit Credit derivatives