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Late Corporate Credit Update: Holding Steady

US

Investment-grade corporate credit risk held near steady late Thursday as stocks gave make modest early gains. Currently, SPX eminis trade SPX eminis trade -3 (-0.07%) at 4153.75; DJIA -82.53 (-0.25%) at 32731.34; Nasdaq +35 (0.3%) at 12703.56.

  • Investment grade risk measured by Markit's CDXIG5 index -0.903 to 80.497; CDXHY5 high yield index at 101.259 (+0.258).
  • Outperforming credit sectors (tighter or least wide): Senior and subordinated Financials averaged -0.4, followed by Energy (+0.3)
  • Lagging sectors (wider or least narrow): Consumer Staples (+1.0), Health Care (+0.9) while Communications and Technology each (+0.8).

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