Free Trial

Late Corporate Credit Update: Steady Near Month Highs

US

Investment-grade corporate credit risk remained near highs for the month - inside relatively narrow session range as stocks hold mixed in late trade: SPX eminis trade -1.25 (-0.03%) at 4139.75; DJIA -107.91 (-0.33%) at 32954.7; Nasdaq +42 (0.3%) at 12422.75.

  • Investment grade risk measured by Markit's CDXIG5 index -0.524 to 83.918; CDXHY5 high yield index at 100.467 (+0.160).
  • Outperforming credit sectors (tighter or least wide): Energy (-3.5), followed by Consumer Staples and Communications both -2.9, Utilities -2.6.
  • Lagging sectors (wider or least narrow): Senior Financials (-1.7), Consumer Discretionary (-1.9) followed by subordinated Financials (-2.2) and Tecnology (-2.3).

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.