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Structured
Credit market snapshot: drift wider on thin volumes
Friday, November 18, 2011
Credit continued to drift wider yesterday, as concerns over the eurozone debt crisis linger on. Expensive bond auctions for France and Spain spooked the markets early on, while poor liquidity is said to have been exacerbating moves. Main and Crossover are largely flat in early European trading, with SovX 8bp tighter.
| 17-Nov-11 | close | change on day |
|---|---|---|
| iTraxx Main |
187.7 |
+3.8 |
| iTraxx Crossover | 760.0 | +14.4 |
| CDX NA IG | 136.5 | +2.5 |
| CDX NA HY | 90.0 | -0.7 |
| SovX WE | 357.8 | +2.6 |
| All bp except CDX NA HY (pp). Source: Markit | ||
<< END >>
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Trading
Issuers
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 |
