S&P Dow Jones Indices has launched a new credit-default swap (CDS) index designed to give investors a way to take exposure against the private credit market, reflecting growing concern about stress in the sector following years of rapid expansion, according to a report by Reuters.
The new index, which will be traded by major banks including Bank of America, Barclays, Deutsche Bank and Goldman Sachs, expands credit derivatives coverage to include a broader set of financial institutions, inclu...
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