April 27, 2022 16:36 GMT
Modest rebound in stocks (ESM2 +57.5 at 4228.0) helping investment-grade corporate credit risk recede from the highest levels since June 2020 tapped early Tuesday.
- Investment grade risk measured by Markit's CDXIG5 index currently -1.750 to 80.437 vs. Tue's 82.246 high; CDXHY5 high yield index at 102.372 (+.164).
- Outperforming credit sectors (tighter or least wide): Financials (sub) and Materials both -1.5, followed by Sr Financials and Energy (-1.3).
- Lagging sectors (wider or least narrow): Industrials (-0.2) and Utilities (-0.3).