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[–] derram ago 

https://archive.fo/cCk5t | https://files.catbox.moe/0qf80v.png :

Toys ‘R’ Us Caught Credit Traders Completely Off Guard - Bloomberg

'The shock is perhaps illustrated best by Toys “R” Us’s CDS curve, which shows how credit traders rushed to hedge as the retailer teetered on Chapter 11. '

'Toys “R” Us Inc., once the go-to store for parents looking for that must-have holiday gift for the kids, is now reorganizing its $5 billion of debt in bankruptcy court. '

'Here is what the curve looked like Sept. 5:Here is what it looked like yesterday:Toys “R” Us bonds maturing in Oct. 2018 paint a similar picture. '

'But just two weeks ago, credit markets were giving little indication it was coming. '

'You could insure $10 million of debt on Sept. 5 for an upfront payment of about $300,000. '

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