August 04, 2022 16:55 GMT
Corporate Credit Update: Steady
US
Investment-grade corporate credit risk held near steady Thursday as stocks gave make modest early gains. Currently, SPX eminis trade SPX eminis trade -10.75 (-0.26%) at 4145; DJIA -146.31 (-0.45%) at 32666.09; Nasdaq -5.6 (0%) at 12662.56.
- Investment grade risk measured by Markit's CDXIG5 index -0.249 to 81.151; CDXHY5 high yield index at 101.150 (+0.153).
- Outperforming credit sectors (tighter or least wide): Senior and subordinated Financials averaged -0.3, followed by Energy (+0.1)
- Lagging sectors (wider or least narrow): Communications and Technology (+0.01) followed by Health Care and Consumer Staples (+0.9).
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