November 17, 2022 19:26 GMT
Corporate Credit Update
US
Investment grade corporate credit risk held mildly higher levels in late trade - off lows as stocks remained weaker in the second half.
- Investment grade risk measured Markit's CDXIG5 index is currently +1.112 at 84.057 vs. 83.401 low; CDXHY5 high yield index 100.179 (-0.286).
- Outperforming credit sectors (tighter or least wide): Subordinated Financials (-2.7), Sr Financials (-2.1), Consumer Discretionary (-1.7).
- Lagging sectors (wider or least narrow): Energy (-0.2), Consumer Staples (-1.0) and Technology (-1.1).
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