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Corporate Credit Update

US
  • IG corporate credit risk measured by Markit's CDX IG5 index climbed to session high of 64.590 around the open (late Oct '20 lvl, but no where near March 2020 pandemic highs above 158.0), has pared the move as stocks bounced.
  • Still above Thu's high, IG5 has receded to 62.821 (+.376) with SPX eminis (+36.0 4353.75)
  • High-yield index, CDXHY5, currently at 106.266 (-.166) vs. 106.470 high.

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