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Corporate Credit Update

US

Investment grade credit spds making new 18-month highs with equities extending sell-off, SPX eminis still off overnight lows, however.

  • SPX eminis trading - 70.5 points (-1.62%) at 4346.25; Dow Industrials -627.08 points (-1.84%) at 33960.13; NASDAQ -262.1 points (-1.9%) at 13575.34.
  • Investment grade credit risk bounced off early session lows, near top of range
    • IG corporate credit risk measured by Markit's CDX IG5 index currently 70.417 (+1.513), 70.583 H/ 61.174 L
    • High-yld index, CDXHY5, currently 105.105 (-.27), 106.044 H/ 105.090 L

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