November 14, 2022 19:19 GMT
Late Corporate Credit Update
US
Investment-grade corporate credit risk receded Monday, bouncing back near midsession range as stocks scaled back gains.
- Investment grade risk measured by Markit's CDXIG5 index is currently -0.764 at 82.413; CDXHY5 high yield index 100.566 (+0.034).
- Outperforming credit sectors (tighter or least wide): Subordinated Financials (-6.3), Consumer Discretionary (-5.2), Communications (-5.1)
- Lagging sectors (wider or least narrow): Utilities (-2.0), Industrials (-2.4) and Energy (-3.4).
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