Hapag Lloyd further sinks on weak results in choppy market
It was another bleak day for European high yield on Thursday, with the Markit iTraxx Crossover moving to its widest level this year. The CDS index rose to a bid price of 686.8bp at 1.20pm London time, a rise of more than 79bp on Wednesday’s close. The spread between bid and offer price also widened sharply — to 8.6bp (686.8bp/695.4bp).
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