Free Trial

Corporate Credit Update: Off Post-Data Highs, Eying Stocks


Investment-grade corporate credit risk back near early session lows as stocks and longer rates discounted the higher April CPI data.

  • Investment grade risk measured by Markit's CDXIG5 index currently -1.795 at 85.413 vs. 89.263 post-data high (near Mon's 2Y high of 90.438); CDXHY5 high yield index at 100.865 (+0.329).
  • Outperforming credit sectors (tighter or least wide): Financials, Sr (-1.0) followed by Utilities (-0.7) and subordinated Financials (-0.5).
  • Lagging sectors (wider or least narrow): Industrials (+0.32), Consumer Staples (-0.1).

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.