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Credit market snapshot: wider as market nerves return
Tuesday, January 31, 2012
Credit drifted wider yesterday as markets become increasingly jittery over the lack of a resolution to Greek debt talks. Poor economic data from Spain also hit market sentiment. Europe has reversed some of yesterday's losses today, however, with Crossover 15 basis points tighter, SovX 5bp tighter, and Main ticking in by 3bp.
| 30-Jan-11 | close | change on day |
|---|---|---|
| iTraxx Main | 146.8 | +5.8 |
| iTraxx Crossover | 633.1 | +28.4 |
| CDX NA IG | 102.6 | +2.2 |
| CDX NA HY | 97.2 | -0.4 |
| SovX WE | 335.7 | +12.4 |
| 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 |
