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Corporate Credit Update: Holding Steady


Investment-grade corporate credit risk held near steady Friday as stocks see-sawed off post-jobs data lows. Currently, SPX eminis trade SPX eminis trade -10 (-0.24%) at 4142.5; DJIA +25.35 (0.08%) at 32754.07; Nasdaq -64.3 (-0.5%) at 12656.85.

  • Investment grade risk measured by Markit's CDXIG5 index -0.110 to 80.802; CDXHY5 high yield index at 101.325 (+0.097).
  • Outperforming credit sectors (tighter or least wide): Materials (-2.1) followed by Senior and subordinated Financials (-1.1), and Consumer Discretionary (-0.4)
  • Lagging sectors (wider or least narrow): Communications (+1.0), Technology and Health Care (+0.6) followed by Industrials (+0.5).

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