Free Trial
US DATA

Used Car Prices Stalled In 1H June

US TSYS

Falling Breakevens Help Cap Yield Gains

COMMODITIES

Oil Sharply Lower Amid Ongoing Demand Concerns

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 Risk Update: Softer

US

Investment-grade corporate credit risk holding mildly lower levels -- generally moving sideways on narrow band after climbing to two-year highs just over a week ago (90.438 on May 9). Still a positive reaction as equities post decent gains (SPX emini futures currently +53.75 (1.34%) at 4058.5).

  • Investment grade risk measured by Markit's CDXIG5 index at 84.649 (-1.733) vs. 85.85.322 high; CDXHY5 high yield index at 100.505 (+0.212).
  • Outperforming credit sectors (tighter or least wide): Materials (-1.0) Consumer Discretionary (-0.4) followed by Communications (-0.3)
  • Lagging sectors (wider or least narrow): Health Care (+0.4), followed by Industrials and Sr Financials both (+0.3).
97 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.

Investment-grade corporate credit risk holding mildly lower levels -- generally moving sideways on narrow band after climbing to two-year highs just over a week ago (90.438 on May 9). Still a positive reaction as equities post decent gains (SPX emini futures currently +53.75 (1.34%) at 4058.5).

  • Investment grade risk measured by Markit's CDXIG5 index at 84.649 (-1.733) vs. 85.85.322 high; CDXHY5 high yield index at 100.505 (+0.212).
  • Outperforming credit sectors (tighter or least wide): Materials (-1.0) Consumer Discretionary (-0.4) followed by Communications (-0.3)
  • Lagging sectors (wider or least narrow): Health Care (+0.4), followed by Industrials and Sr Financials both (+0.3).