Fallen angels push off-the-run index 25bp wide of CDX IG

By Sayed Kadiri

A  gap of over 25 basis points has formed between US investment grade CDX IG and its recently off-the-run predecessor series 34. At Credit Dimensions, Creditflux’s synthetic credit event, panellists highlighted a major shift in composition between index series that has opened up relative value plays between them

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TAGS: Investment grade credit Credit derivatives Pricing North America