Credit Default Swap Index Stocks List
|2019-08-16||HYG||Narrow Range Bar||Range Contraction|
|2019-08-16||LQD||New 52 Week Closing High||Bullish|
|2019-08-16||LQD||Upper Bollinger Band Walk||Strength|
|2019-08-16||LQD||Jack-in-the-Box Bullish||Bullish Swing Setup|
|2019-08-16||SJB||Narrow Range Bar||Range Contraction|
A credit default swap index is a credit derivative used to hedge credit risk or to take a position on a basket of credit entities. Unlike a credit default swap, which is an over the counter credit derivative, a credit default swap index is a completely standardized credit security and may therefore be more liquid and trade at a smaller bid-offer spread. This means that it can be cheaper to hedge a portfolio of credit default swaps or bonds with a CDS index than it would be to buy many single name CDS to achieve a similar effect. Credit-default swap indexes are benchmarks for protecting investors owning bonds against default, and traders use them to speculate on changes in credit quality.