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Credit market snapshot: tighter last week on positive US data
Monday, February 6, 2012
Credit moved tighter last week, as positive economic data from the US helped the market overcome jitters over the lack of a resolution at the Greek debt talks. New data showed US unemployment hitting its lowest level in three years last week. Europe has opened wider this morning, as the deadline for the Greek debt talks looms. Crossover is 15 basis points wider in early trading, with Main 4bp wider and SovX going out by 5bp.
| 06-Feb-12 | close | change on week |
|---|---|---|
| iTraxx Main | 127.4 | -13.5 |
| iTraxx Crossover | 550.2 | -54.5 |
| CDX NA IG | 94.4 | -6.0 |
| CDX NA HY | 98.7 | +1.1 |
| SovX WE | 319.1 | -4.2 |
| 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 |
