Crossover converges on CDX HY as Fed, earnings and heavy technicals take hold

By Dan Alderson

Big moves of single name credits continue to hold sway over the iTraxx Europe Crossover credit default swap index, whose underperformance of US counterpart CDX HY has extended during the past week amid a big technical repositioning of flows

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TAGS: CDS Europe High yield bonds Distressed debt North America Synthetic/SRT