State of Credit markets now and in the future?
Not a credit trader, but trying to better understand career prospects in this area and what it holds in the future.
1) My understanding is that single name CDS is only pretty much active for financials and some sovereigns. What about credit index/credit options? How liquid are they now?
2) In a rising rate environment and after corporates issued lots of debt, how does life change for IG/HY trader?
3) On the topic of tech, it seems that distressed/HY/IG/structured are not likely to be disrupted. What about CDX or iTraxx? Will they start to be more dominated by electronic firms and sell side desks shrink?
4) If one is just trading credit indices, does he/she need to know accounting or credit analysis?