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CDX Series 10 Spreads Tighter on Roll

The tenth series of the North American Investment Grade CDX index (CDX.NA.IG.10) launched into a slightly rosier-than-expected market last week.

Spreads, which had climbed to roughly 200 basis points in the series nine, according to CreditSights, closed at 127 basis points after the first day of trading last Tuesday.

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