Free Trial

Corporate Credit Update: Near Session Lows

US

Investment-grade corporate credit risk near session lows as stocks turn mild gains: SPX eminis trade +15 (0.36%) at 4152.5; DJIA +80.99 (0.25%) at 33044.16; Nasdaq +87.8 (0.7%) at 12484.81.

  • Investment grade risk measured by Markit's CDXIG5 index -1.044 to 83.647; CDXHY5 high yield index at 100.544 (+0.197).
  • Outperforming credit sectors (tighter or least wide): Materials (-2.8) followed by Consumer discretionary and Staples, both -1.9.
  • Lagging sectors (wider or least narrow): Financials (subordinated -0.9 and Senior -1.3), followed by Health Care and Technology (-1.5).

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.