Credit rally rolls on as indices approach one-month tights

By Sayed Kadiri

CDS indices are approaching their mid-October tights as reality seeps in of a divided US government and, consequently, little chance of dramatic corporate tax increases. Yesterday, iTraxx Main led the way, tightening 5.3%, followed by CDX NA HY and CDX IG (both 4.5%) and iTraxx Crossover (2.8%)

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TAGS: Europe Investment grade credit Citi Mizuho Credit derivatives Pricing Performance North America