New CDS Index for Hedging Against Private Credit Market
S&P Dow Jones Indices launched a new index for credit-default swaps. Major banks will offer the product next week as the private credit sector faces stress.
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S&P Dow Jones Indices has launched a new credit-default swap (CDS) index targeting the private credit market, providing a new instrument for investors to manage risk or speculate on a sector facing recent turbulence. The CDX Financials index tracks 25 North American financial entities, encompassing a variety of sectors including banks, insurers, real estate investment trusts, and business development companies (BDCs).
