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Corporate Credit Update: Steady

US

Investment-grade corporate credit risk near steady Thursday, near middle of narrow range with stocks trading mixed: ESU2 currently -4.0 (-0.11%) at 3758.5 vs. 3797.25 high. DJIA -112.76 (-0.37%) at 30385.06; Nasdaq +35.3 (0.3%) at 11088.61.

  • Investment grade risk measured by Markit's CDXIG5 index at 100.008 (+0.073); CDXHY5 high yield index at 97.404 (-0.032).
  • Outperforming credit sectors (tighter or least wide): Health Care, Utilities and Communications all +1.2 followed by Tech and Industrials (+1.4).
  • Lagging sectors (wider or least narrow): Financials (subordinated) (+3.3), Consumer Discretionary (+3.1), followed by Energy and Materials both (+3.0).
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Investment-grade corporate credit risk near steady Thursday, near middle of narrow range with stocks trading mixed: ESU2 currently -4.0 (-0.11%) at 3758.5 vs. 3797.25 high. DJIA -112.76 (-0.37%) at 30385.06; Nasdaq +35.3 (0.3%) at 11088.61.

  • Investment grade risk measured by Markit's CDXIG5 index at 100.008 (+0.073); CDXHY5 high yield index at 97.404 (-0.032).
  • Outperforming credit sectors (tighter or least wide): Health Care, Utilities and Communications all +1.2 followed by Tech and Industrials (+1.4).
  • Lagging sectors (wider or least narrow): Financials (subordinated) (+3.3), Consumer Discretionary (+3.1), followed by Energy and Materials both (+3.0).