Free Trial

Late Corporate Credit Roundup


Corporate credit risk continued to improve late Thursday with equities marking session highs into the close (SPX eminis over 4405.0), investment grade risk measured by Markit's CDXIG5 index slips to new lows for March at 65.13 -2.19.

  • Markit's CDXHY5 high yield index mildly higher at 105.625 (+.277).
  • Outperforming sectors (tighter or least wide) includes: Communications sector lead for a second day -10.6, notable narrowing in Weibo (-23) and Baidu Inc (-18) bond risk; T-Mobile, AT&T, Vodaphone, Verizon and BT all clustered nearby.
  • Lagging sectors (wider or least narrow): Utilities (-6.6) and Materials (-7.1) showing least improvement in investment grade sector.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.