Free Trial
EURUSD TECHS

Channel Top Is Key Resistance

US TSY FUTURES

BLOCK, 2Y Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Corporate Credit Update: Off Late Tue' 2Y Highs

US

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).
75 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

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).