US Treasuries initially sold off only to recover, investment grade corporate bond markets had a somewhat muted reaction, while high yield and Credit Default
Swap markets widened considerably.
Not exact matches
«If there were greater worries about the economy or other downside risks, then we should have seen the dollar rise, credit and
swap spreads
widen, and emerging
markets underperform.
The credit default
swap (CDS)
market is beginning to show spreads
widening for consumer discretionary entities which is a bad signal for the economy.
Additionally, in the face of the disruption in the credit
markets and the recent announcements by Fitch, Moody's and S&P concerning financial guarantee insurers generally and MBIA Corp. in particular, the price of our common stock has experienced a significant decline and there has been a
widening of spreads on our credit default
swaps.