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Late Corporate Credit Update, Cooling

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BulletMarketsFixed IncomeForeign Exchange

Investment-grade corporate credit risk cooled slightly late Thursday as stocks bounced late: ESU2 currently +24.0 (0.64%) at 3786.5 vs. 3797.25 high. DJIA +98.3 (0.32%) at 30579.64; Nasdaq +139.1 (1.3%) at 11191.25.

  • Investment grade risk measured by Markit's CDXIG5 index at 99.236 (-0.699); CDXHY5 high yield index at 97.666 (+0.230).
  • Outperforming credit sectors (tighter or least wide): Communications (+0.4), Health Care (+0.6) followed by Industrials and Utilities both +0.8.
  • Lagging sectors (wider or least narrow): Energy (+2.7) followed by Financials (subordinated), Consumer Discretionary and Materials all (+2.2).
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Investment-grade corporate credit risk cooled slightly late Thursday as stocks bounced late: ESU2 currently +24.0 (0.64%) at 3786.5 vs. 3797.25 high. DJIA +98.3 (0.32%) at 30579.64; Nasdaq +139.1 (1.3%) at 11191.25.

  • Investment grade risk measured by Markit's CDXIG5 index at 99.236 (-0.699); CDXHY5 high yield index at 97.666 (+0.230).
  • Outperforming credit sectors (tighter or least wide): Communications (+0.4), Health Care (+0.6) followed by Industrials and Utilities both +0.8.
  • Lagging sectors (wider or least narrow): Energy (+2.7) followed by Financials (subordinated), Consumer Discretionary and Materials all (+2.2).