Free Trial

Corporate Credit Update: Cooling

US

Still off early Thursday lows, Investment-grade corporate credit risk cooling Friday as stocks make decent gains at midday: SPX eminis trade SPX eminis trade +39 (0.93%) at 4248.5; DJIA +233.77 (0.7%) at 33568.3; Nasdaq +153 (1.2%) at 12932.46.

  • Investment grade risk measured by Markit's CDXIG5 index -2.467 to 75.017 vs. Thursday's 73.492 low; CDXHY5 high yield index at 102.993 (+0.674).
  • Outperforming credit sectors (tighter or least wide): Senior Financials (-7.6), Technology (-2.3) and Energy (-2.2) lead.
  • Lagging sectors (wider or least narrow): Subordinated Financials (-0.7), Health Care (-1.1) and Utilities lagging (-).3.

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.