Business & Finance
Credit Traders Unwind a $20 Billion Wartime Short in Europe
Key Points
Credit Traders Unwind a $20 Billion Wartime Short in Europe Credit investors have given up their wartime hedges on European companies. They’ve unwound a short position on the Markit iTraxx Europe index of investment-grade credit default swaps that had swelled to more than $20 billion in recent months, and are now outright long, based on DTCC data compiled by Barclays Plc.
Credit Traders Unwind a $20 Billion Wartime Short in Europe
Credit investors have given up their wartime hedges on European companies.
They’ve unwound a short position on the Markit iTraxx Europe index of investment-grade credit default swaps that had swelled to more than $20 billion in recent months, and are now outright long, based on DTCC data compiled by Barclays Plc.