S&P Dow Jones launches new CDS Index facilitating bets against private credit

S&P Dow Jones launches new CDS Index facilitating bets against private credit

S&P Dow Jones Indices has launched a new credit-default swap (CDS) index designed to give investors a way to take exposure against the private credit market, reflecting growing concern about stress in the sector following years of rapid expansion, according to a report by Reuters. The new index, which will be traded by major banks including Bank of America, Barclays, Deutsche Bank and Goldman Sachs, expands credit derivatives coverage to include…