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Corporate Credit Update

US

Investment-grade corporate credit risk held lower levels at midday, near session lows as stocks, lead by mining shares, traded strong.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -1.275 at 87.242 vs. 89.373 high; CDXHY5 high yield index at 99.674 (+0.236).
  • Outperforming credit sectors (tighter or least wide): subordinated Financials (-1.5), Consumer Staples (-1.0) and Energy (-0.9).
  • Lagging sectors (wider or least narrow): Materials and Communications both +0.1, followed by Utilities and Health Care -0.1.

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