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Late Corporate Credit Update

US

Investment-grade corporate credit risk holding session highs in late trade with equities see-awing near lows after some late dip buying.

  • Investment grade risk measured by Markit's CDXIG5 index is currently +2.674 at 99.081; CDXHY5 high yield index at 97.396 (-.504).
  • Outperforming credit sectors (tighter or least wide): subordinated Financials (-2.6), Communications (-2.5) and Energy (-2.2)
  • Lagging sectors (wider or least narrow): Materials (-1.5), Utilities, Sr Financials and Technology all clustered around (-1.6)

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