Free Trial

Late Corporate Credit Update: Investment Grade Climbs to 4 Week Highs

US

Investment-grade corporate credit risk extending session highs after the FI close and as stock indexes extend session lows (ESM2 -63.50 at 4392.0)

  • Investment grade risk measured by Markit's CDXIG5 index currently +3.401 to 761.263 (mid-March levels) vs. 71.117 low after the open; CDXHY5 high yield index mildly lower at 103.431 (-.649).
  • Outperforming credit sectors (tighter or least wide): Materials (+0.2) and Consumer Discretionary (+0.3) trade places with Financials, both subordinated (+0.4) and Senior (+0.5)
  • Lagging sectors (wider or least narrow): Utilities and Energy debt risk climbed late (+1.7)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.