November 03, 2022 17:50 GMT
Investment-grade corporate credit risk levels higher but off midmorning levels as stocks and Tsys bounce off lows.
- Investment grade risk measured by Markit's CDXIG5 index is currently +1.590 at 92.859 vs. 94.991 high; CDXHY5 high yield index at 98.533 (-0.395).
- Outperforming credit sectors (tighter or least wide): Industrials and Utilities both +2.0 followed by Consumer Discretionary and Technology - both +2.1.
- Lagging sectors (wider or least narrow): Communications (+3.6), subordinated Financials (+3.4), Sr Financials (+2.8)