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Credit market snapshot: tighter on hopes of Greek debt deal
Tuesday, January 24, 2012
Credit moved tighter yesterday, as traders bet that a satisfactory outcome to the Greek debt talks may be just around the corner. The more positive economic data from the US recently has also helped to boost commodity prices, lifting overall market sentiment. European credit has opened largely flat this morning, however, as the market awaits the latest developments from the Greek debt talks.
| 24-Jan-12 | close | change on day |
|---|---|---|
| iTraxx Main | 148.6 | -4.6 |
| iTraxx Crossover | 631.9 | -14.5 |
| CDX NA IG | 102.9 | -3.2 |
| CDX NA HY | 96.9 | +0.6 |
| SovX WE | 327.2 | -10.2 |
| 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 |
