Lessons to Learn from JPM's Trade
Jamie Dimon didn't disclose much, but we do know JPMorgan's (JPM) losing trade involved the CDX IG 9 index. The CDX IG indices are a tradable basket of credit default swaps on 125 invest-grade companies.
The contract is typically five years until expiration, although other maturities trade in much smaller volume. Every six months a new IG index is created with some of the names changing to reflect the current market. Right now we are CDX IG 18, the 18th....662 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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