October 31, 2022 18:08 GMT
Corporates Credit Update
US
Investment-grade corporate credit risk levels bounced from Fri's mid-Sep levels Monday, modest unwinds ahead of Wed's FOMC policy annc.
- Investment grade risk measured by Markit's CDXIG5 index is currently +2.286 at 89.811; CDXHY5 high yield index at 99.312 (-0.667).
- Outperforming credit sectors (tighter or least wide): Communications (-1.3) followed by Materials (-1.0) and Subordinated Financials (-0.8)
- Lagging sectors (wider or least narrow): Sr Financials (-0.4), followed by Industrials and Consumer Discretionary both -0.05.
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