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Corporate Credit Update


Credit spds still tighter but off first half lows even as stocks hold near session highs, SPX eminis currently trading +58.0 at 4570.5, above 50-day EMA.

  • Leading sectors: Materials (+1.91%), Communication Services (+1.50%) and Industrials (+1.45%).
  • Off midday lows, investment grade credit risk back to early Feb levels:
    • IG corporate credit risk measured by Markit's CDX IG5 index currently at 61.587 (-1.372) vs. 61.416 early low.
    • High-yield index, CDXHY5, currently at 106.654 (+.395) vs. 106.528 early session low

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