Surge in hedging sends credit spreads to year's wides

By Dan Alderson

A busy and bearish week is ending with credit spreads surging beyond their previous widest levels of the year, with Italian elections this weekend adding to caution in Europe after a string of central bank policy decisions reshaped the global economic outlook and the UK government scrambled to address rising energy costs

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