May 11, 2022 19:40 GMT
Inside session range for Investment-grade corporate credit risk: mildly higher after the FI close as stocks look to extend late session lows
- Investment grade risk measured by Markit's CDXIG5 index currently +.363 at 87.572 vs. 89.263 post-data high (near Mon's 2Y high of 90.438); CDXHY5 high yield index at 100.466 (-0.067).
- Outperforming credit sectors (tighter or least wide): Utilities (-0.4) followed by Financials, Sr (-1.0).
- Lagging sectors (wider or least narrow): Energy (+1.1), Industrials (+0.9) and subordinated Financials (+0.7).