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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.
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Free AccessCorporate Credit Risk Update: Making New Highs as Stocks Tumble
Not a big surprise, investment-grade corporate credit risk has climbed to new 2Y highs in the last few minutes as equity indexes sell-off. Back to March 2021 levels SPX eminis now appr 20% off early Jan high (4778.0) at 3829.00 (-68.75) after breaching key support / bear trigger levels of 3855.00, May 12 low AND 3843.25, the Mar 25 2021 low (cont).
- Investment grade risk measured by Markit's CDXIG5 index climbed to 93.181 high (+3.375) vs. early session low of 88.363; CDXHY5 high yield index at 98.687 (-0.658).
- Outperforming credit sectors (tighter or least wide): Health Care (+1.2), Communications and Technology both (+1.6) followed by Consumer Staples (+1.7).
- Lagging sectors (wider or least narrow): Energy (+2.7), Materials (+2.4) and Consumer Discretionary (+2.2).
To read the full story
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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.