Citigroup Inc.: Default Risk Drops Sharply And Bonds Remain Solid Value
Donald van Deventer • Yesterday, 5:20 PM
- Citigroup Inc.'s 10-year cumulative default risk has dropped 0.33% to reach 0.66% since our last report using May 2 data.
- We use 187 trades on Citigroup Inc. bond issues with a trade volume of $67 million to analyze the bond market view of the firm.
- We conclude that Citigroup Inc. bonds rank in the top one-third of all heavily traded bonds on September 30 when ranked by ratio of credit spread to default probability.