Free Trial

Late Corporate Credit Update: Laggers Reshuffle Late

US

Investment-grade corporate credit risk receded late Thursday as equities traded back near top end of narrow session range: SPX eminis trade +7.75 (0.18%) at 4280; DJIA -30.07 (-0.09%) at 33889.61; Nasdaq +28 (0.2%) at 12969.99.

  • Investment grade risk measured by Markit's CDXIG5 index -1.076 to 77.093; CDXHY5 high yield index at 102.090 (+0.153).
  • Outperforming credit sectors (tighter or least wide): Energy (-0.7), while subordinated Financials, Industrials and Utilities clustered around (+0.10)
  • Lagging sectors (wider or least narrow): Technology (+0.6) followed by Materials, Health Care and Consumer Staples (+0.5)

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.