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Corporate Credit Update: Modest Improvement

US

Investment-grade corporate credit risk near midrange for the session, holding near six week lows as stocks extended gains for the sixth consecutive session: SPX eminis currently trading +24 (0.61%) at 3986.5; DJIA +23.13 (0.07%) at 31898.22; Nasdaq +114.9 (1%) at 12012.89.

  • Investment grade risk measured by Markit's CDXIG5 index -0.627 to 84.064 vs. 82.989 low; CDXHY5 high yield index at 100.533 (+0.249).
  • Outperforming credit sectors (tighter or least wide): Industrials (-1.9), Energy (-1.6) and Consumer Staples (-1.3).
  • Lagging sectors (wider or least narrow): Communications (+0.3), Materials (-0.1), Senior and subordinated Financials at -0.2 and 0.6 respectively
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Investment-grade corporate credit risk near midrange for the session, holding near six week lows as stocks extended gains for the sixth consecutive session: SPX eminis currently trading +24 (0.61%) at 3986.5; DJIA +23.13 (0.07%) at 31898.22; Nasdaq +114.9 (1%) at 12012.89.

  • Investment grade risk measured by Markit's CDXIG5 index -0.627 to 84.064 vs. 82.989 low; CDXHY5 high yield index at 100.533 (+0.249).
  • Outperforming credit sectors (tighter or least wide): Industrials (-1.9), Energy (-1.6) and Consumer Staples (-1.3).
  • Lagging sectors (wider or least narrow): Communications (+0.3), Materials (-0.1), Senior and subordinated Financials at -0.2 and 0.6 respectively