Wall Street creates new credit-default swap index to bet against private credit

S&P Dow Jones Indices is launching a new credit-default swap index tied to the private credit market, creating a tradable way for investors to hedge or bet against the asset class. The move underscores growing scrutiny of private credit after recent turbulence, but the article reports a product launch rather than an immediate market shock.

Analysis

S&P Dow Jones Indices is launching a new credit-default swap index tied to the private credit market, creating a tradable way for investors to hedge or bet against the asset class. The move underscores growing scrutiny of private credit after recent turbulence, but the article reports a product launch rather than an immediate market shock.