CVA desks tap out-of-the-money payers on Ukraine woes
CVA and loan desks are buying April to June payers between 15bp-20bp out-of-the-money on the iTraxx Main and CDX IG volatility, reflecting the more cautious tone in credit markets over the political tensions in Ukraine.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
