CDS index rolls to go ahead, despite Covid-19 volatility

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By Ross Lancaster
19 Mar 2020

IHS Markit is continuing with the Friday rolls for its popular CDX and iTraxx indices, despite the extreme volatility affecting credit markets as Covid-19 and low oil prices spread uncertainty.

Both index families have gapped out significantly since fears about the coronavirus’s spread began to grip markets. The iTraxx Europe crossover index stood at 677 on Thursday afternoon. One month before it had traded at 212.

Some houses have processed four to five times last year’s trading volume ...

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