September 29, 2022 17:53 GMT
Investment-grade corporate credit risk running higher again, back near mid-range for the week as rates scaled back from Wed's bullish reaction to BoE long end Gilt program.
- Investment grade risk measured by Markit's CDXIG5 index is currently +3.881 at 109.995 (compares to 113.718 early Wed high); CDXHY5 high yield index at 95.572 (-.730).
- Outperforming credit sectors (tighter or least wide): Sr Financials +5.1, Industrials +5.8 and Materials both +5.8.
- Lagging sectors (wider or least narrow): Communications +7.2, Energy +7.1 and Technology +6.5.