Free Trial
USD

USDJPY trades near the 143.00 handle

REFINING

French Refining Sector Under Pressure

US TSY OPTIONS

Flurry Year-End 10Y Call Buying

US TSY OPTIONS

2Y Upside Bet

FOREX

FX TURNOVERS

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Late Corporate Credit Update: New 4 Month Low

US

Investment-grade corporate credit risk extends session lows late Monday as stocks manage to extend gains: SPX eminis currently +15.5 (0.36%) at 4296.25; DJIA +164.88 (0.49%) at 33926.5; Nasdaq +57.5 (0.4%) at 13104.62.

  • Investment grade risk measured by Markit's CDXIG5 index -0.113 to 73.426 new four month low after breaching last Thursday's 73.492 low; CDXHY5 high yield index at 103.175 (+0.049).
  • Outperforming credit sectors (tighter or least wide): Senior (+0.9) and subordinated (+0.7) Financials, Communication (+0.8) and Energy (+1.1) lead.
  • Lagging sectors (wider or least narrow): Materials (+1.9), while Health Care, Industrials and Consumer Discretionary evenly paired at +1.7.
95 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Investment-grade corporate credit risk extends session lows late Monday as stocks manage to extend gains: SPX eminis currently +15.5 (0.36%) at 4296.25; DJIA +164.88 (0.49%) at 33926.5; Nasdaq +57.5 (0.4%) at 13104.62.

  • Investment grade risk measured by Markit's CDXIG5 index -0.113 to 73.426 new four month low after breaching last Thursday's 73.492 low; CDXHY5 high yield index at 103.175 (+0.049).
  • Outperforming credit sectors (tighter or least wide): Senior (+0.9) and subordinated (+0.7) Financials, Communication (+0.8) and Energy (+1.1) lead.
  • Lagging sectors (wider or least narrow): Materials (+1.9), while Health Care, Industrials and Consumer Discretionary evenly paired at +1.7.