LCDX Shorters Tagged As One Loan Slide Culprit

09 Aug 2007

The LCDX continued its roller coaster ride last week, rising to 96 on a short squeeze before dropping back to the mid-94 range.

The LCDX continued its roller coaster ride last week, rising to 96 on a short squeeze before dropping back to the mid-94 range. This volatility and shorting helped contribute to the loan market drop a few weeks ago. Many dealers shorted the index to hedge their exposure to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial