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Late Corporate Credit Roundup

US

Investment-grade corporate credit risk back near session lows -- new six week lows as stocks edge higher late: SPX eminis currently trading +32.75 (0.83%) at 3970.5; DJIA +88.5 (0.28%) at 31916.91; Nasdaq +202.1 (1.7%) at 11915.72.

  • Investment grade risk measured by Markit's CDXIG5 index -1.702 to 84.041; CDXHY5 high yield index at 1005098 (+0.595).
  • Outperforming credit sectors (tighter or least wide): Materials (-1.4), Utilities (-1.2), Consumer Staples and Industrial (-1.0).
  • Lagging sectors (wider or least narrow): Senior and subordinated Financials at -0.1 followed by Technology (-0.3).

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