The following is an excerpt from MCDX Municipal CDS index on the rise, Credit Default Swap Market

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The following is an excerpt from “MCDX Municipal CDS index on the rise,” Credit Default Swap Market Reporting, July 1, 2010 ( http://blog.creditlime

.com/2010/07/01/municipal-cds-index-rising/ )

“The 5-year MCDX increased from 115 bps to 209 bps during the period from April 20 to June 11, 2010 and had nearly doubled 11 days later when it closed at 226.5 bps on June

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