Wall Street Banks Unveil CDS Index for Booming Private Credit Market

12 articles · Updated · The Wall Street Journal · Apr 10

Major US banks are launching a new credit-default swap (CDS) index with S&P Global, targeting the $3 trillion private credit market.
The CDX Financials index includes private credit managers like Apollo and Blackstone, as well as banks, insurers, and credit-card companies.
The index aims to help investors hedge or short credit risk, reflecting growing concerns over defaults and leveraged loans in private credit.

As redemption gates rise, will this new index help or hurt trapped private credit investors?

Can a new derivative truly fix the liquidity crisis brewing in private credit funds?

Will this new hedging tool stabilize private credit or become a weapon for speculative attacks?

Is the tech sector's $330 billion private debt wall about to crumble?

Is the private credit boom a replay of 2008 with different players and less oversight?