Standard & Poor’s had launched indices designed to reflect the performance of the U.S. credit default swamp market. The three indices include one that measures the performance of high yield corporate credits.

The three indices are: the S&P CDS U.S. High Yield Index, which consists of 100 equally weighted U.S. high yield corporate credits; the S&P CDS U.S. Investment Grade Index, comprised of 100 equally weighted U.S. investment-grade corporate credits; and the S&P 100 CDS Index, which consists of the 80 to 90 members of the S&P 100 that have CDS with sufficient liquidity.

The indices are designed to measure performance of the credit derivatives market, which is now sized at approximately $29 trillion, according to the rating agency.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.