CDX on junk bonds jumped 65% in H1 2019
Notionals to which CCPs were counterparty increased +85%
Notional amounts of credit default swap indexes (CDX) referencing non-investment-grade debt shot up +65% in the first half of 2019, data from the Bank for International Settlements (BIS) shows.
Junk CDX notionals outstanding climbed by $367.3 billion to $930 billion over the period, accounting for 22% of all CDX notionals by end-June. But this total is below the $992.2 billion disclosed for the
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