US and European credit derivatives markets remain muted

Default swap spreads have now been tightening for over four weeks. Average default spreads narrowed an additional 14bp for the covered universe of US credit last week, according to Martin Gonzalez, a credit derivatives analyst at Bank of America in New York. Gonzalez said the narrowing in the default swap market reflects re-pricing relative to the bond market, which has seen notable inflow of cash buyers following the interest rate cut, the Republican sweep in last week’s mid-term elections and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: