Thread by @trendwhizo

🚨 Check out this @TwitterSpaces on credit insights hosted by @profplum99 (Mike Green) with @Volatilysmile
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Esp timely with iTraxx hitting 2 day tightening next to Covid levels when Fed started Corporate Asset purchase peogram.

#credit #swaps #bonds #defaults #CDS

https://twitter.com/profplum99/status/1548860131592417281

🔥 iTraxx ramp

Real possibility of idiosyncratic risk for specific cos exposed to specific factors 👇

#credit #swaps #bonds #defaults #CDS #leveredloans #hedgefunds #pods #creditfunds

I received bunch of DMs about iTraxx.

For understanding the same, please check out this link:

ihsmarkit.com/products/marki…

iTraxx indices are a family of European, Asian and emerging market tradable credit default swap indices.

#credit #swaps #bonds #defaults #CDS #leveredloans

🧵As the 'Credit Insights' Space wasn't recorded here are the notes in form of a 🧵with Mike's tweets...follow here

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1/5

⚡️Energy sector's role in High Yield credit market...

#credit #swaps #bonds #defaults #CDS #leveredloans

2/5

https://twitter.com/profplum99/status/1549769446025089024

*⃣ The iTraxx move is driven by risk premia strategies.

#credit #swaps #bonds #defaults #CDS #leveredloans

3/5

https://twitter.com/profplum99/status/1549769446025089024

🔥High Yield / Investment Grade ratio is at 2.8x: Dispersion remains at all time low in HY indices

Forward financing costs for HY are above recent highs.

#credit #swaps #bonds #defaults #CDS

4/5

https://twitter.com/profplum99/status/1549769090029404160

📉📉📉Drawdown is almost all due to rates

#credit #swaps #bonds #defaults #CDS #leveredloans

5/5

https://twitter.com/profplum99/status/1549767265905565699