Muni Index Rally Spurs Position Reversal
Spreads on the Markit municipal bond credit default swap index, MCDX, have tightened by 44 basis points since December 30 prompting at least one buyer to recommend reversing a long position soon and adopt a curve-flattening strategy.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
