November 17, 2022 20:40 GMT
Late Corporate Credit Update
US
Investment grade corporate credit risk held mildly higher levels in late trade - off lows as stocks trade weaker.
- Investment grade risk measured Markit's CDXIG5 index is currently +1.154 at 84.097 vs. 83.401 low; CDXHY5 high yield index 100.147 (-0.316).
- Outperforming credit sectors (tighter or least wide): Subordinated Financials (-2.9), Sr Financials (-2.5), Consumer Discretionary (-2.2).
- Lagging sectors (wider or least narrow): Energy (-0.5), Consumer Staples (-1.5) and Industrials (-1.6).
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