DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Corporate Credit Update, Materials, Consumer Staples Credit Risk Rising

US

Investment-grade corporate credit risk extending to new six week highs late Wed as stocks tick lower. Currently SPX eminis trade -14.5 (-0.36%) at 3973.25; DJIA -134.86 (-0.42%) at 31656.37; Nasdaq - 32.5 (-0.3%) at 11851.45.

  • Investment grade risk measured by Markit's CDXIG5 index +1.839 to 92.958 (lvl last seen July 15); CDXHY5 high yield index at 98.768 (-0.168).
  • Outperforming credit sectors (tighter or least wide): Energy +1.5, Industrials +1.6, Consumer Discretionary +1.7.
  • Lagging sectors (wider or least narrow): Financials Sr +2.0 followed by Materials , Consumer Staples and Communications sectors clustered around +1.9.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.