CREDIT DAYBOOK AMERICAS: CDS Gauge Signals Hedging; Barclays-AGL

Credit default swap indexes are widening on Tuesday morning, implying investors are hedging their bets as uncertainty about interest rates grows. Elsewhere, Barclays and AGL launched a private credit partnership backed by Abu Dhabi Investment Authority.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, widened 0.30 basis points to 52.3 as of 7:12 a.m. New York time
• Barclays and AGL Credit Management have teamed up to make a push into the burgeoning $1.7 trillion private credit market, entering into a cooperation agreement to originate private credit loans that will give ...