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Credit market snapshot: sceptical credit ignores equity rally
Wednesday, September 28, 2011
Credit spreads ended yesterday generally tighter, but saw nothing like the 2% price moves higher in equities. The three point drop in the US high yield index was largely a function of the roll to the new series. Asian credits have seen some substantial moves wider today, and Europe is opening generally wider.
| 27-Sep-11 | close | change |
|---|---|---|
| iTraxx Main | 190 | -6.4 |
| iTraxx Crossover | 801.6 | -33.6 |
| CDX NA IG | 136.2 | -0.7 |
| CDX NA HY | 89.3 | -3.3 |
| SovX WE | 336.0 | -16.3 |
| All bp except CDX NA HY (pp). Source: Markit | ||
<< END >>
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Structured
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 |
