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Credit market snapshot: tighter on successful debt auctions
Friday, January 20, 2012
Credit moved tighter yesterday, with market sentiment buoyed by successful debt auctions by Spain and France. US markets also reacted positively to the news that the US Federal Reserve had successfully sold off its Maiden Lane bond portfolio which it had purchased from AIG as part of its bail-out. Credit has opened somewhat mixed in Europe this morning, with Crossover and Main 5 basis points and 1bp wider respectively, with SovX 1bp tighter.
| 19-Jan-12 | close | change on day |
|---|---|---|
| iTraxx Main | 152.2 | -9.7 |
| iTraxx Crossover | 647.7 | -37.1 |
| CDX NA IG | 107.9 | -1.8 |
| CDX NA HY | 95.9 | +0.4 |
| SovX WE | 344.2 | -12.8 |
| All bp except CDX NA HY (pp). Source: Markit | ||
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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 |
