Markit Recap – 5/9/2016

iTraxx net notional spikes post-ECB QE decision

The prospect of the ECB buying up corporate bonds, potentially squeezing supply in the sector, has meant investors have looked for alternative ways to take on risk exposure.

  • Markit iTraxx Europe Main index has seen its 5-yr CDS spread tighten to 77bps, from 91bps
  • Net notional outstanding on the Markit iTraxx Europe Main index increased by 20%