Free Trial

Late Corporate Credit Risk: Tighter

US

Corporate credit risk narrowed Thursday, near midday lows as equity indexes looked to finish the session strong (SPX emini +58.0 at 4505.5), at least partially buoyed by optimism of a ceasefire (if not a peace accord) between Russia and Ukraine. Investment grade risk measured by Markit's CDXIG5 index currently -0.678 to 71.237; CDXHY5 high yield index mildly higher at 105.530 (+.108).

  • Outperforming credit sectors (tighter or least wide): Materials (-2.6) as BHP Billiton, Rio Tinto and Barrick debt risk improved from the prior session. Financials (Sr: -2.4) with Blackstone debt outperforming (-11) followed by several Australian and Japanese lenders.
  • Lagging sectors (wider or least narrow): Communications (-1.1), Weibo weighing down otherwise decent performance for the sector. Technology (-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.