Free Trial

Late Corporate Credit Update: Gradual Rebound


Investment-grade corporate credit risk finishing the session near highs as stocks pare gains after the FI close: SPX eminis trade SPX eminis trade -0.25 (-0.01%) at 4210; DJIA +15.46 (0.05%) at 33327.36; Nasdaq -69.1 (-0.5%) at 12786.75.

  • Investment grade risk measured by Markit's CDXIG5 index +1.314 to 77.621 vs. 73.492 low; CDXHY5 high yield index at 102.340 (-0.157).
  • Outperforming credit sectors (tighter or least wide): subordinated Financials (-4.5), while Communications, Materials and Energy sectors cluster around -3.6.
  • Lagging sectors (wider or least narrow): Utilities (-1.8), Senior Financials (-2.9) , Technology and Industrials (-2.2) followed by Senior Financials.

To read the full story



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.