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

Table 4

-values from the Wald test for the manufacturing sector.

	2010 (%)	2011 (%)	2012 (%)	2013 (%)	2014 (%)	2015 (%)	2016 (%)	2017 (%)	2018 (%)	2019 (%)
6 M	38.3	5.8	0.0	58.0	0.5	0.0	0.0	0.0	0.0	0.0
1 Y	6.3	0.1	0.0	4.6	0.1	0.0	0.0	0.0	0.0	0.0
2 Y	93.9	18.3	1.3	94.0	0.9	0.0	0.0	0.1	0.0	0.0
3 Y	96.0	7.3	0.2	44.7	34.6	0.0	0.0	0.2	0.0	0.0
4 Y	96.9	16.5	1.1	45.4	81.1	0.0	0.1	0.4	0.0	0.1
5 Y	96.9	9.8	0.7	28.4	97.5	0.0	0.1	0.1	0.0	0.1
7 Y	93.0	55.0	0.3	24.8	92.7	0.0	0.1	0.1	0.0	0.0
10 Y	32.5	7.9	4.0	38.9	93.0	1.0	2.0	3.6	3.6	0.0
20 Y	43.3	2.0	1.9	13.6	47.5	0.3	0.7	1.7	0.0	2.2
30 Y	64.4	2.7	2.1	12.8	44.9	0.2	0.7	0.9	0.0	0.6