Free Trial

Late Corporate Credit Update

US

Investment-grade corporate credit risk inched off second half lows in late trade as stocks pared gains/traded weaker.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -1.555 at 90.807 vs. 90.568 low; CDXHY5 high yield index at 99.273 (+.530).
  • Outperforming credit sectors (tighter or least wide): Consumer Staples (-0.7), Energy and Consumer Discretionary (+0.1) followed by Industrials (+0.2)
  • Lagging sectors (wider or least narrow): Subordinated Financials (+2.2), Sr Financials (+1.9) followed by Utilities and Communications (+1.1).

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.