Impact of the COVID-19 Pandemic on the US Credit Default Swap Market

Table 2

-values from the Chow test for all sectors, 2010–2019.

	Manufacturing (%)	Financial excluding banks (%)	Services (%)	Banks (%)	Consumer goods (%)	Energy (%)
6 M	48	0	0	48	53	37
1 Y	45	0	1	45	57	85
2 Y	48	0	2	48	35	4
3 Y	17	0	9	17	40	2
4 Y	17	0	32	17	30	1
5 Y	45	0	63	27	19	1
7 Y	12	0	63	12	35	2
10 Y	32	0	67	32	57	7
20 Y	72	0	38	72	64	20
30 Y	64	0	21	64	63	21