May 12, 2022 19:58 GMT
Inside range for investment-grade corporate credit risk late Thursday, mildly lower now as equities rebound off session lows.
- Investment grade risk measured by Markit's CDXIG5 index inched -0.298 lower at 87.490 vs. 89.151 high (near Mon's 2Y high of 90.438); CDXHY5 high yield index at 100.311 (-0.111).
- Outperforming credit sectors (tighter or least wide): Energy (+1.1), Communications (+1.3), while debt holdings for Utilities, Industrials and Technology held around +1.4-1.7.
- Lagging sectors (wider or least narrow): Financials subordinated (+3.5), Consumer discretionary (+3.1).