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Market structure · Global

Sample index roll removes two distressed names and adds three

Roll changes affect basis trades and which single names carry index-driven liquidity.

Index rollMarket structure

Sample story · fictional entities

What happened

Market report

Provisional constituents for a sample high-yield index series drop two names with recent distress and add three new issuers.

As stated in: Index provisional constituents.

Why it may matter for CDS

CDSBench interpretation

Names leaving the index often see single-name liquidity fall. Desks running index-versus-single-name basis positions re-weight into the new series.

CDSBench’s reading, not part of the source and not a statement that a Credit Event has occurred. General information, not legal or investment advice.

What is established

  • Provisional list published.

What remains unresolved

  • Final list confirmation.
  • Liquidity in removed names after the roll.

Source context

Source
Index provisional constituents
Status
Market report
Context
Illustrative index constituents. No real index series is described.

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Sample index roll removes two distressed names and adds three · CDSBench