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Late Corporate Credit Update: On Simmer

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BulletMarketsFixed IncomeForeign Exchange

Investment-grade corporate credit risk inching higher, near recent session highs as stocks soft in late trade: ESU2 trading -10.5 (-0.27%) at 3905.25; DJIA -53.41 (-0.17%) at 31442.92; Nasdaq -67.3 (-0.6%) at 11539.2

  • Investment grade risk measured by Markit's CDXIG5 index at 94.778 (+0.629); CDXHY5 high yield index at 98.830 (-0.037).
  • Outperforming credit sectors (tighter or least wide): Health Care and Consumer Staples both +0.7 followed by Communications +0.9.
  • Lagging sectors (wider or least narrow): Energy and Sr Financials both +1.5 while Technology and Materials both +1.4.
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Investment-grade corporate credit risk inching higher, near recent session highs as stocks soft in late trade: ESU2 trading -10.5 (-0.27%) at 3905.25; DJIA -53.41 (-0.17%) at 31442.92; Nasdaq -67.3 (-0.6%) at 11539.2

  • Investment grade risk measured by Markit's CDXIG5 index at 94.778 (+0.629); CDXHY5 high yield index at 98.830 (-0.037).
  • Outperforming credit sectors (tighter or least wide): Health Care and Consumer Staples both +0.7 followed by Communications +0.9.
  • Lagging sectors (wider or least narrow): Energy and Sr Financials both +1.5 while Technology and Materials both +1.4.