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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.
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- Released on Friday, the NY Fed’s Corporate Bond Market Distress Index (CMBI) held steady at 0.21 for Dec 22, having the prior week nudged just 0.01 lower from the 0.22 of Dec 8 marking the highest reading since early July.
- "Corporate bond market functioning appears healthy. The end-of-month market-level CMDI is below its historical median.”
- Other details were mixed for the latest week, with investment grade lifting from 0.23 (lowest since Feb’22) to 0.26 but high yield pushing lower from 0.14 to 0.12 (lowest since May’22).
- “Market functioning in both the high-yield and investment-grade sectors was little changed this month and remains within historical norms.”
Source: NY Fed
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.
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