Free Trial

Late Corporate Credit Update

US

Investment-grade corporate credit risk bounced off second-half lows to new session highs late Tuesday, sparked by a sharp reversal/steep sell-off in crypto currencies (Bitcoin from +3% to -15%) with equities reversing gains before bouncing again late.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -0.082 at 88.429 vs. 86.729 low; CDXHY5 high yield index at 99.387 (-0.051).
  • Outperforming credit sectors (tighter or least wide): subordinated Financials (-0.2), Energy and Consumer Staples both +0.5.
  • Lagging sectors (wider or least narrow): Materials and Communications both 1.5, followed by Utilities and Health Care +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.