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

Table 3

-values from the Chow test for the financial excluding banks, services, and energy sectors, 2015–2019.

	Financial excluding banks (%)	Services	Energy
6 M	0	77%	n/a
1 Y	0	73%	n/a
2 Y	0	56%	55%
3 Y	0	n/a	46%
4 Y	0	n/a	45%
5 Y	0	n/a	52%
7 Y	0	n/a	76%
10 Y	0	n/a	n/a
20 Y	0	n/a	n/a
30 Y	0	n/a	n/a