looking at historical charts, there was a huge spike in credit indices in may 2008, yet almost no immediate reaction in equities. the big news at the time was of course Bear Stearns.
why did credit indices jump so much? and why did they then go back down again?
may 2008.. Watch
- Thread Starter
Last edited by Chewwy; 19-07-2009 at 21:16.
- 19-07-2009 19:02
- 19-07-2009 20:03
Fear of counterparty failure. Didn't materialise.
- 19-07-2009 20:43
Look specifically at default spreads too.