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Corporate Credit Update

US

Equities making decent gains after FI close, SPX eminis on highs and through 20D EMA at 4532.5 (+28.25) high. Top sectors leading Energy (+3.4%), Materials (1.65%) and Financials (+1.52%)

  • In turn, IG corporate credit risk measured by Markit's CDX IG5 index back below 60.0 at 58.885 (-1.261) vs. midmorning high of 60.784.
  • Risk appetite gradually improved after StL Fed Bullard continued to downplay chances of a 50Bp hike in March.
  • High-yield index, CDXHY5, currently at 107.166 (+.339) vs. 106.84 lows on the open.

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