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

Table 5

Wald coefficient test summary, the number of times when the null hypothesis was not rejected for CDS spreads in different years, 2010–2019.

	Manufacturing	Financial excluding banks	Services	Banks	Consumer goods	Energy
6 M	3	0	3	1	2	1
1 Y	1	0	4	0	1	6
2 Y	3	0	3	1	3	6
3 Y	4	0	2	1	2	4
4 Y	4	0	1	1	1	5
5 Y	4	0	0	1	2	4
7 Y	4	0	0	0	1	3
10 Y	4	0	0	1	1	3
20 Y	3	0	6	2	1	4
30 Y	3	0	6	2	0	4