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Credit market snapshot: wider on Greek uncertainty
Thursday, February 9, 2012
Credit edged wider yesterday as uncertainty over the outcome of the Greek debt talks continued to weigh on the markets. Europe has continued to move out this morning, with Crossover seven basis points wider, SovX 3bp wider, and Main largely flat.
| 08-Feb-12 | close | change on week |
|---|---|---|
| iTraxx Main | 131.4 | +3.2 |
| iTraxx Crossover | 562.4 | +9.3 |
| CDX NA IG | 94.6 | -0.4 |
| CDX NA HY | 98.0 | -0.4 |
| SovX WE | 321.3 | +2.9 |
| All bp except CDX NA HY (pp). Source: Markit | ||
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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 |
