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Credit market snapshot: spreads end the day flat
Friday, September 30, 2011
Yesterday reversed the normal pattern in the credit market. Europe produced good news with the German parliament’s passage of the bail-out vote, but sentiment deteriorated later in the North American day, with reports of heavy selling of corporate bonds. Credit index volumes were relatively subdued, and ended the day flat. Europe is opening largely unchanged, but with bank spreads tighter.
| 29-Sep-11 | close | change |
|---|---|---|
| iTraxx Main | 190.25 | -2.9 |
| iTraxx Crossover | 796.7 | -9.7 |
| CDX NA IG | 139.7 | -1.5 |
| CDX NA HY | 88.3 | 0.2 |
| SovX WE | 333.4 | -0.4 |
| 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 |
