November 09, 2022 19:44 GMT
Corporate Credit Update
US
Investment-grade corporate credit risk climbed higher Wednesday, marking late session highs as stocks extended lows.
- Investment grade risk measured by Markit's CDXIG5 index is currently +2.667 at 91.461 vs. 89.079 low; CDXHY5 high yield index at 98.637 (-0.593).
- Outperforming credit sectors (tighter or least wide): subordinated Financials (-0.4), Sr Financials (+0.9) followed by Industrials (+1.2)
- Lagging sectors (wider or least narrow): Consumer Staples (+2.7) followed by Communications (+2.3) and Materials (+2.0).
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