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CREDIT UPDATE

CDX opening ~unch with another low-vol day for S&P in pre-market - Chipmaking machinery manufacturer & $ only issuer, Applied Materials (A/A2), only mover (+12%) after reporting strong results & guidance last night. €IG is skewed firmly tighter again outside of continued drag from German banks PBB & Aareal.

US: Presidents Day Exchange Schedules Monday February 19:
Globex opens normal time Sunday evening at 1800ET but close at 1300ET Monday. Monday Globex re-open at 1800ET preceding normal session hours Tuesday. The trading schedules for the major U.S. markets can be found below:


* CME: https://www.cmegroup.com/trading-hours.html#tradeD...
* ICE: https://www.ice.com/publicdocs/swap_trade/notices/...
* NASDAQ: https://www.nasdaq.com/market-activity/stock-marke...
* NYSE: https://www.nyse.com/markets/hours-calendars
* SIFMA: https://www.sifma.org/resources/general/holiday-sc...

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