MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Corporate Credit Update, No Help From Stocks

US

Not much help from stocks as indexes pare gains in late trade, holding mixed levels: SPX eminis near middle of the session range: 10.5 (0.05%) at 4523.0, Dow trades + 58.28 (0.17%) at 34768.73, and Nasdaq - 65.7 (-0.5%) at 14128.41.

  • Investment grade risk measured by Markit's CDXIG5 index currently +1.247 to 72.076; CDXHY5 high yield index mildly lower at 105.316 (-.268).
  • Outperforming credit sectors (tighter or least wide): Materials sector debt outperforming (-2.5) lead by a broad swath of ore/gold mining companies. Next up: Consumer Staples (-1.7) outpace Financials (-1.6).
  • Lagging sectors (wider or least narrow): Energy sector and Industrials (-.9-1.0) oil refiners improved on the day but at the low end of the list. On industrials, bearing and transmission maker Timken debt underperformed.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

To read the full story

Close

Why MNI

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.