High-yield CDS Building liquidity

credit default swap market


Financial markets have long had a reputation for moving quickly, but the corporate debt market has traditionally been the tortoise to the equity market’s hare in terms of product innovation and liquidity. Since the advent of credit derivatives in the 1990s, however, the tortoise has been playing catch-up, with the latest boost coming from the market for credit default swaps (CDS) referenced to high-yield securities.

High-yield CDS started trading in 1999, but until recently it was the smaller an

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: