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CDS liquidity drying up as Bid-Ask spreads widen

|Includes:AGG, BHD, BHK, COY, DHF, DOD, EWI, EWP, GRDOW, GS, GS, GS, GS, HYF, HYG, HYI, IRL, JNK, Mizuho Financial Group, Inc. (MFG), PCY, PHK, SNF
Bid-ask spreads on popular credit default swap indices are reaching new local highs amid signs that investors are growing more concerned about corporate (and sovereign) credit.

Disclosure: long all stocks
Stocks: MFG, JNK, PHK, AGG, BHD, BHK, COY, DOD, HYI, HYF, HYG, DHF, PCY, EWI, IRL, SNF, EWP, GRDOW, GS, GS, GS, GS