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Corporate Credit Update: Carry-Over Risk Metrics

US

Investment-grade corporate credit risk firmer/near middle session range as stocks hold weaker - but also maintaining narrow range: SPX eminis trade -30 (-0.74%) at 4029.75; DJIA -188.26 (-0.58%) at 32096.55; Nasdaq -143.7 (-1.2%) at 11998.69.

  • Investment grade risk measured by Markit's CDXIG5 index +2.043 to 88.053 (89.579 session high last seen July 27); CDXHY5 high yield index at 99.511 (-0.540).
  • Outperforming credit sectors (tighter or least wide): Materials (+1.3), Utilities (+1.6) Financials (subordinated and Senior both +1.9).
  • Lagging sectors (wider or least narrow): Communications (+2.6), Consumer Staples (+2.3) followed by Industrials (+2.2).

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