US credit derivative index wider in nervous market

(Reuters) - "Headlines are driving the market; it still feels very
jittery, very nervous," said Arthur Tetyevsky, chief U.S.
credit strategist at HSBC in New York.




"We're still substantially wider than where we were a
couple of weeks back but the chaotic trading we saw early on in
the week seems to be fading a little bit," Tetyevsky said.
"We've really recovered a lot of the widening this week and
it's been a rollercoaster week."


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