Huge CDS gap yawns between US and Europe, despite Fed intervention

By Dan Alderson

Wednesday, March 04, 2020

Having crossed paths in a rare moment of compression on Monday, iTraxx Europe and its US counterpart CDX IG have since undergone one of their biggest moments of dislocation since the global financial crisis, as an emergency rate cut by the Federal Reserve failed to comfort investors about the impact of the coronavirus on the US economy

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

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