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Corporate Credit Update: Mildly Higher, Inside Range

US

Investment-grade corporate credit risk holding near middle of session range as stocks scale back modest session highs: SPX eminis currently +12.25 (0.29%) at 4310.5; DJIA +249.91 (0.74%) at 34162.68; Nasdaq underperforming -23.9 (-0.2%) at 13103.95

  • Investment grade risk measured by Markit's CDXIG5 index +0.797 to 75.302 vs. 74.214 low; CDXHY5 high yield index at 102.758 (-0.258).
  • Outperforming credit sectors (tighter or least wide): Senior (-0.7) and subordinated (-0.6) Financials followed by Utilities (-0.4), Consumer Discretionary and Materials holding steady.
  • Lagging sectors (wider or least narrow): Energy (+0.8), Communications (+0.6), Consumer Staples, Health Care and Industrials all +0.4
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Investment-grade corporate credit risk holding near middle of session range as stocks scale back modest session highs: SPX eminis currently +12.25 (0.29%) at 4310.5; DJIA +249.91 (0.74%) at 34162.68; Nasdaq underperforming -23.9 (-0.2%) at 13103.95

  • Investment grade risk measured by Markit's CDXIG5 index +0.797 to 75.302 vs. 74.214 low; CDXHY5 high yield index at 102.758 (-0.258).
  • Outperforming credit sectors (tighter or least wide): Senior (-0.7) and subordinated (-0.6) Financials followed by Utilities (-0.4), Consumer Discretionary and Materials holding steady.
  • Lagging sectors (wider or least narrow): Energy (+0.8), Communications (+0.6), Consumer Staples, Health Care and Industrials all +0.4