Story perspectives

Wall Street Launches Credit Default Swaps for Private Funds

4/17/2026

Summary

Story summary

On April 17, 2026, JPMorgan Chase & Co., Barclays PLC and Wall Street banks began trading credit default swaps linked to private credit funds managed by Blackstone Inc., Apollo Global Management, and Ares Management.
Morgan Stanley and Citigroup also offered contracts on these funds.
Credit default swaps act as insurance against the risk of debt repayment default.
S&P Dow Jones Indices launched a credit-default swap index for the private credit market.

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Story summary

On April 17, 2026, JPMorgan Chase & Co., Barclays PLC and Wall Street banks began trading credit default swaps linked to private credit funds managed by Blackstone Inc., Apollo Global Management, and Ares Management.
Morgan Stanley and Citigroup also offered contracts on these funds.
Credit default swaps act as insurance against the risk of debt repayment default.
S&P Dow Jones Indices launched a credit-default swap index for the private credit market.