Markit Crossover index grows to 60 names — Barclays forecasts entrants

Financial Market
By Stefanie Linhardt
26 Feb 2014

Markit, the financial information provider, will increase the number of constituents in its iTraxx Crossover index of credit default swaps by 20%, as the European high yield market keeps growing.

Issuance by European speculative grade companies reached a record €87.4bn in 2013 — a whole €26.6bn more than the previously highest yearly issuance in 2012, according to Credit Suisse. And bankers expect issuance to grow further in 2014, potentially to up to €100bn.

“In response to the continued ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options