All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Traders glimpse daylight as Fed rescue of Bear sinks in

Credit markets now trust that brokers will not be allowed to fail. While it is too early — much too early — to speak of the credit markets having turned a corner out of the dark alley that has held them for eight months, this week there was a distinct and unambiguous recovery in the credit default swap market.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree