NEW YORK, March 13 (Reuters) - An index of credit
default swaps (CDS) on U.S. investment-grade companies on Monday hit an intra-day high of 89.6 basis
points, its highest since November.
Rising CDS spreads signal investors are hedging bets on a
deterioration in credit quality following the collapse of
Silicon Valley Bank .
The equivalent index for CDS on junk-rated companies fell in
price to 98.9 on Monday, its lowest since November, according to
data from IHS Markit.
(Reporting by Davide Barbuscia)
Messaging: davide.barbuscia.reuters.com@reuters.net))
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