Markit Recap – 9/26/2016

We noted last week that Deutsche Bank could soon become the widest name in the Markit iTraxx Europe if its credit deterioration continued. It came to pass perhaps sooner than many expected, with its senior five-year spreads closing at 251bps on September 26, 6bps wider than Glencore.

This is a significant development, and reflects the negative sentiment surrounding the German bank. But the movements in