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Late Corporate Credit Update: Improved Risk

US
BulletMarketsFixed IncomeForeign Exchange

Investment-grade corporate credit risk gradually receded Tuesday, off early lows as stocks finished strong but off highs: SPX emini futures ESU2 currently +94.5 at 3772.0 vs. 3780.75 high.

  • Investment grade risk measured by Markit's CDXIG5 index at 97.920 (-2.097); CDXHY5 high yield index at 97.548 (+0.472).
  • Outperforming credit sectors (tighter or least wide): Communications and Health Care both -0.1, Materials, Technology, Industrials and Tech all (+0.2).
  • Lagging sectors (wider or least narrow): Consumer Discretionary (+1.4), followed by Financials (Sr) (+1.3), Utilities and Energy both +0.7.
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Investment-grade corporate credit risk gradually receded Tuesday, off early lows as stocks finished strong but off highs: SPX emini futures ESU2 currently +94.5 at 3772.0 vs. 3780.75 high.

  • Investment grade risk measured by Markit's CDXIG5 index at 97.920 (-2.097); CDXHY5 high yield index at 97.548 (+0.472).
  • Outperforming credit sectors (tighter or least wide): Communications and Health Care both -0.1, Materials, Technology, Industrials and Tech all (+0.2).
  • Lagging sectors (wider or least narrow): Consumer Discretionary (+1.4), followed by Financials (Sr) (+1.3), Utilities and Energy both +0.7.