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Corporate Credit Update: Higher, Midweek Range

US
BulletMarketsFixed IncomeForeign Exchange

Still off Monday's 2Y highs, weaker stocks (ESM2 -22.5 at 4146.25) pushing investment-grade corporate credit risk back higher in late morning trade, around the middle of the week's range.

  • Investment grade risk measured by Markit's CDXIG5 index currently +2.670 at 83.089 vs. 85.238 on Monday; CDXHY5 high yield index at 101.842 (-.489).
  • Outperforming credit sectors (tighter or least wide): Technology, Consumer Discretionary and Sr Financials all +0.2.
  • Lagging sectors (wider or least narrow): Health Care and Communications (+0.7) followed by Consumer Staples, Utilities and Materials all +0.6.
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Still off Monday's 2Y highs, weaker stocks (ESM2 -22.5 at 4146.25) pushing investment-grade corporate credit risk back higher in late morning trade, around the middle of the week's range.

  • Investment grade risk measured by Markit's CDXIG5 index currently +2.670 at 83.089 vs. 85.238 on Monday; CDXHY5 high yield index at 101.842 (-.489).
  • Outperforming credit sectors (tighter or least wide): Technology, Consumer Discretionary and Sr Financials all +0.2.
  • Lagging sectors (wider or least narrow): Health Care and Communications (+0.7) followed by Consumer Staples, Utilities and Materials all +0.6.