Latest News:
news, comment, analysis and data on the global business of credit trading and investing
Trading
Credit market snapshot: tighter last week on more bullish sentiment
Monday, January 23, 2012
Credit moved tighter across the board last week, with market sentiment more bullish. A flood of new primary issuance also showed the appetite of investors for new bond issues, and proved a fillip for market sentiment overall. Market nerves have returned somewhat in Europe this morning, however, with uncertainty over the Greek debt talks seeing Crossover 4 basis points wider, Main 1bp wider, and SovX 2bp wider.
| 23-Jan-12 | close | change on week |
|---|---|---|
| iTraxx Main | 153.2 | -18.5 |
| iTraxx Crossover | 646.4 | -80.6 |
| CDX NA IG | 106.1 | -9.8 |
| CDX NA HY | 96..3 | +2.4 |
| SovX WE | 337.4 | -26.7 |
| All bp except CDX NA HY (pp). Source: Markit | ||
<< END >>
Related stories
- Yankee financial bonds outperform in US trading 14 hours ago
- Fiat goes wider on talk of possible link-up with struggling... 14 hours ago
- Credit market snapshot: credit tightens on low volumes 16 hours ago
- Credit market snapshot: credit bounces back after punishing week 1 day ago
- Credit market snapshot: Greek woes drive punishing week for... 2 days ago
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 |
