November 18, 2022 18:36 GMT
Corporate Credit Update
US
Investment grade corporate credit risk held lower levels at midday, off early highs as stocks climb off modest session lows.
- Investment grade risk measured Markit's CDXIG5 index is currently -1.182 at 82.081 vs. 83.213 high; CDXHY5 high yield index 100.659 (+0.246).
- Outperforming credit sectors (tighter or least wide): Subordinated Financials (-5.5), Materials (-5.0) and Communications (-4.6)
- Lagging sectors (wider or least narrow): Industrials (-3.3), Utilities (-3.6) and Energy (-3.7)
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