iTraxx has launched a new set of indices for the European leveraged loan credit default swap market, dubbed LevX Senior and LevX Subordinated.
The pricing of the indices happened within the space of a couple of weeks. The senior index priced on Friday October 27 at 170 basis points, with trading starting the following Monday; the subordinated index priced on November 10 at 450 basis points and trading officially began on Monday November 13.
The process was similar on both occasions, with the p
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