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Late Corporate Credit Update

US

Investment-grade corporate credit risk running near late Tuesday highs after the FI close as bonds reversed early gains, trading near session lows through the second half.

  • Investment grade risk measured by Markit's CDXIG5 index is currently +1.292 at 110.997; CDXHY5 high yield index at 94.981 (-1.824).
  • Outperforming credit sectors (tighter or least wide): Utilities +7.4, Materials and Industrials both +7.9, Consumer Discretionary +8.0
  • Lagging sectors (wider or least narrow): Communications +10.0, Sr Financials +9.6, and Energy +9.2.

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