Email of the day (3)
Comment of the Day

February 08 2013

Commentary by Eoin Treacy

Email of the day (3)

on European CDS indices
"The chart library has CDS spread and price charts for US investment grade and high yield credit. It also has CDS chart for Emerging Market credit.

"Could we please get similar charts for European investment grade & high yield credit. It seems to me that Europe might be heading for ome kind of a credit event. (Spanish & Italian yields rising and equity markets falling). Monitoring the European CDS indices would be most helpful."

Eoin Treacy's view Thank you for these suggestions. The Markit iBoxx Euro High Yield CdS 5yr Index can be found in the Chart Library and I have added the Deutsche Bank Euro Investment Grade Credit CDS 5yr Index. Both these indices have hit medium-term peaks in the last couple of months and clear upward dynamics would be required to check potential for further compression of spreads.

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