MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI: BAKER HUGHES US RIG COUNT 620; OIL RIGS 508; GAS RIGS 110

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Corporate Credit Update: Holding Near Six Week Lows

US TSYS

Investment-grade corporate credit risk held near midrange for the session after cooling to new six week lows on the open as stocks held gains: SPX eminis currently trading +24.75 (0.62%) at 3987.25; DJIA +31.01 (0.1%) at 31901.29; Nasdaq +122.0 (1%) at 12017.52.

  • Investment grade risk measured by Markit's CDXIG5 index -0.621 at 84.070 vs. 82.989 low; CDXHY5 high yield index at 100.474 (+0.189).
  • Outperforming credit sectors (tighter or least wide): Industrials (-1.4), Consumer Staples (-0.6) followed by Utilities and Energy both -0.5.
  • Lagging sectors (wider or least narrow): Communications (+1.6), Senior and subordinated Financials at +1.1 followed by Materials (+0.9)
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.