Investors poured into the LCDX index during its first days of trading last week, as hedge funds jumped at the opportunity to short the leveraged loan market and dealers looked to hedge exposure. Trading volume in the LCDX index reached $11.1 billion on Tuesday, when it was unveiled, according to Markit Group.

By Wednesday's close, investors had pushed the LCDX index to 100.53. Although it had traded downward from Tuesday's close of 100.63, a fundamental view on initial pricing points to a more bullish perception of corporate credit risk.

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