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Credit market snapshot: tighter on positive economic data
Thursday, February 2, 2012
Credit moved tighter yesterday as markets reacted positively to encouraging economic data from both sides of the Atlantic. Data showed US manufacturing expanding at its fastest rate in seven months, with German manufacturing also returning to growth, while declines in Spain and Italy slowed. European credit has opened largely flat this morning.
| 01-Feb-12 | close | change on day |
|---|---|---|
| iTraxx Main | 137.3 | -6.4 |
| iTraxx Crossover | 589.8 | -31.6 |
| CDX NA IG | 100.0 | -1.3 |
| CDX NA HY | 97.6 | +0.3 |
| SovX WE | 326.1 | -13.0 |
| 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 |
