Credit spreads will finish wider this week for the first time in the past four weeks.  The index has traded within a tight 9bp range since mid-July so any move tighter or wider during that time period has been incremental at best.  The OAS on the Corporate Index closed at 75 on Thursday September 25th […]

Credit spreads look as though they will finish the week slightly tighter again.  These have not been big moves tighter the last few weeks but more of an incremental grind lower.  The OAS on the Corporate Index closed at 72 on Thursday September 18th after closing the week prior at 74.  Treasury yields drifted higher […]

Credit spreads inched tighter again this week as they have remained in a relatively tight 5bp range over the course of the past month.  The OAS on the Corporate Index closed at 75 on Thursday September 11th after closing the week prior at 77.  Treasury yields exhibited little change over the past week through Friday […]

Credit spreads look poised to finish the week tighter, which is a remarkable feat given the deluge of new issue supply during the period.  The OAS on the Corporate Index closed at 77 on Thursday September 4th after closing the week prior at 79.  Spreads are a smidge tighter on Friday as we go to […]

Credit spreads finished the week unchanged through Thursday, though the market was 3-4 basis points wider Friday afternoon.  The move wider came in sympathy with sharply lower Treasury yields following a weak payroll report on Friday morning.  The OAS on the Corporate Index closed at 76 on Thursday evening. The 10yr Treasury yield was little […]

Credit spreads were mostly unchanged this week through Thursday, sitting very near cyclical tights.  Technically, the OAS for the US Corporate Bond Index was 1bp wider on the week through Thursday.  The index has traded in a tight 5bp range of 84-89 since the final trading days of May. The tone is stable Friday morning […]

Credit spreads were unchanged this week through Wednesday, while the capital markets were closed on Thursday in observance of Juneteenth.  The tone is little changed this Friday morning as we go to print with the US Corporate Bond Index wrapped around a spread (OAS) of 85.  The 10yr Treasury yield moved slightly higher this week […]

Credit spreads were slightly tighter this week through Thursday but tensions are high this Friday morning as the market processes recent developments in the Middle East.  The US Corporate Bond Index closed last week at 85 and it was at 84 when the market closed this Thursday.  The market is generically 1-2 bps wider Friday […]

Credit spreads moved tighter this week.  The US Corporate Bond Index closed last week at 91 and had tightened to 89 as the market closed on Thursday.  The 10yr Treasury yield is lower thus far on the week to the tune of 9bps as we go to print.  The benchmark rate closed last Friday at […]