Free Trial

Corporate Credit Update: Holding Near Lows

US

Investment-grade corporate credit risk holding near session lows Monday as stocks have rebounded off opening lows: SPX eminis currently +15.5 (0.36%) at 4296.25; DJIA +164.88 (0.49%) at 33926.5; Nasdaq +57.5 (0.4%) at 13104.62.

  • Investment grade risk measured by Markit's CDXIG5 index +0.344 to 73.880 vs. Thursday's 73.492 low; CDXHY5 high yield index at 103.110 (-0.017).
  • Outperforming credit sectors (tighter or least wide): Senior (+0.1) and subordinated (+0.2) Financials, Communication (+0.3) and Energy (+0.5) lead.
  • Lagging sectors (wider or least narrow): Materials (+1.4), Health Care (+1.3) and Industrials lagging (+1.3).

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.