Silverbird
Well-known member
By Michael McDonald and Shannon D. Harrington
April 29 (Bloomberg) -- Merrill Lynch & Co., Goldman Sachs Group Inc. and UBS AG are among seven securities firms that helped design an index for investors to make creditworthiness bets in the $2.5 trillion municipal bond market.
The dealers said today they will be able to begin trading in the credit-default swap index, called the MCDX, on May 6. It will be tied to the debt of 50 municipal bond issuers, and will be owned and operated by Markit Group Ltd., a London-based company that also offers credit-default swap indexes linked to the corporate and mortgage bond markets. http://www.bloomberg.com/apps/news?pid=20601087&sid=aKqX_A4CqX6I&refer=home
Unlinking the Munis from the mortgage bonds...finally.
April 29 (Bloomberg) -- Merrill Lynch & Co., Goldman Sachs Group Inc. and UBS AG are among seven securities firms that helped design an index for investors to make creditworthiness bets in the $2.5 trillion municipal bond market.
The dealers said today they will be able to begin trading in the credit-default swap index, called the MCDX, on May 6. It will be tied to the debt of 50 municipal bond issuers, and will be owned and operated by Markit Group Ltd., a London-based company that also offers credit-default swap indexes linked to the corporate and mortgage bond markets. http://www.bloomberg.com/apps/news?pid=20601087&sid=aKqX_A4CqX6I&refer=home
Unlinking the Munis from the mortgage bonds...finally.