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American P&C Insurer CDS on the rise after spike up in munis

|Includes:ACE Limited (ACE), AFB, AGO, ALL, APX, BBK, CB, FMLCF, LMA, LMAC, MFG, MYD, NUV, PML, TRV
A sharp spike up in yields in US municipal bonds is creating increased interest in insurance CDS from companies like Allstate, Chubb and Travelers which are large investors and holders of municipal bonds. 












Disclosure: long all stocks
Stocks: ACE, AGO, ALL, CB, FMLCF, LMA, LMAC, MFG, NUV, TRV, PML, MYD, AFB, BBK, APX