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Corporate Credit Update


Investment grade credit spds holding wider, but near middle session range as stocks trade well off post-data lows, SPX eminis currently trading -37.0 at 4540.75, back below 50-day EMA.

  • Underperforming sectors: Utilities (-1.98%), IT (-1.75%) and Real Estate (-1.42%).
  • Investment grade credit risk not far off early February highs (66.181).
    • IG corporate credit risk measured by Markit's CDX IG5 index currently at 63.018 (+1.514), 64.919 H/ 61.802 L
    • High-yield index, CDXHY5, currently 106.303 (-.395), 106.696 H/ 106.048 L

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