(Bloomberg) -- A credit-default swap index that
allows investors to bet on the health of the U.S. leveraged loan
market fell for a seventh day amid speculation that the record
pace of leveraged buyouts will weigh on loan prices.
The LCDX index, tied to the loans of 100 companies with
high-yield, high-risk ratings fell 0.22 to 99.82, according to
broker Phoenix Partners Group in New York. The index is down
0.81 since May 22, when 14 Wall Street banks began offering the
five-year contracts in the privately negotiated over-the-counter
market. A decline in the price of the index signals
deterioration in the perception of credit quality.
Read more at Bloomberg Bonds News
allows investors to bet on the health of the U.S. leveraged loan
market fell for a seventh day amid speculation that the record
pace of leveraged buyouts will weigh on loan prices.
The LCDX index, tied to the loans of 100 companies with
high-yield, high-risk ratings fell 0.22 to 99.82, according to
broker Phoenix Partners Group in New York. The index is down
0.81 since May 22, when 14 Wall Street banks began offering the
five-year contracts in the privately negotiated over-the-counter
market. A decline in the price of the index signals
deterioration in the perception of credit quality.
Read more at Bloomberg Bonds News
No comments:
Post a Comment