Free Trial

Corporate Credit Update: Investment Grade Heats Up

US

Investment-grade corporate credit risk increased slightly Monday, IG near session lows even as stocks traded weaker: SPX eminis currently trading -37.5 (-0.96%) at 3863.5; DJIA -103.05 (-0.33%) at 31234.1; Nasdaq -222.8 (-1.9%) at 11410.74.

  • After slipping to the lowest level since June 10 last Fri, investment grade risk measured by Markit's CDXIG5 index inches +0.723 to 91.201; CDXHY5 high yield index at 98.959 (-0.395).
  • Outperforming credit sectors (tighter or least wide): Communications (+1.6), Energy (+1.9 ) while Consumer Staples, Industrials and Health Care debt risk all gain +2.3.
  • Lagging sectors (wider or least narrow): Materials (+3.9), Financials subordinated and Sr both +3.4 followed by Consumer Discretionary (+3.2).

To read the full story

Close

Why MNI

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.