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Issuers
Credit market snapshot: wider on light flows
Wednesday, November 2, 2011
Credit went wider yesterday, with flows said to be "light but fast" as hedge funds dominated whatever flows there were, mainly buying protection. High yield once again took a hammering, while sovereigns also went significantly wider. Europe has seen somewhat of a bounce this morning, with Crossover tightening by 21 basis points, and Main by 6bp.
| 1-Nov-11 | close | change on day |
|---|---|---|
| iTraxx Main | 182.6 | +20.4 |
| iTraxx Crossover | 739.7 | +80.6 |
| CDX NA IG | 126.9 | +5.9 |
| CDX NA HY | 92.1 | -1.8 |
| SovX WE | 333.2 | +29.6 |
| All bp except CDX NA HY (pp). Source: Markit | ||
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Trading
Funds
Structured
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
