CDX HY and EM trade with fresh legs after defaulted names drop out

By Dan Alderson

New series of US high yield index CDX HY and emerging market index CDX EM begin their first full day of trading today, having replaced outgoing versions on Friday amid a weakening of credit markets due to the spreading impact of the coronavirus outbreak

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TAGS: Asia CDS Emerging markets High yield bonds Distressed debt North America South America Synthetic/SRT