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Corporate Credit Update

US

Investment-grade corporate credit risk extended lows for the week (appr Sep 21 levels) as market volatility cooled ahead Friday's headline employment read for September.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -0.404 at 96.751 (compares to 94.894 session low); CDXHY5 high yield index at 97.829 (+.050).
  • Outperforming credit sectors (tighter or least wide): Energy (-2.3), Technology (-1.7) and Materials (-1.5).
  • Lagging sectors (wider or least narrow): Senior Financials (-0.7) followed by subordinated Financials (-1.1), and Industrials (-1.2).

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