Credit spreads moved materially tighter this week as investors embraced risk across all markets on the back of subsiding fears surrounding some of the worst outcomes for global trade.  The US Corporate Bond Index closed last week at 99 and had tightened to 91 as the market closed on Thursday.  The 10yr Treasury yield started […]

Credit spreads were listless this week, drifting wider through the first four trading days of the period before they snapped tighter Friday on the back of a stronger than expected payroll release for the month of April.  The US Corporate Bond Index closed last week at 101 and had moved out to 106 by Thursday.  […]

Credit spreads were wider again this week. The OAS on the corporate index closed at 114 on Thursday evening after ending the week prior at a spread of 109.  Although it has been a volatile April, the IG market has behaved in a very orderly manner.  The plumbing of the market is well intact with […]

Credit spreads will finish this week much wider. The OAS on the corporate index closed at 102 on Thursday evening after ending the week prior at a spread of 93 and the IG credit market is generically 10bps wider as we go to print mid-morning on Friday.  The 10yr Treasury yield rallied after Wednesday’s tariff […]

Credit spreads look set to finish slightly wider this week with the OAS on the corporate index closing at 91 on Thursday evening after ending the week prior at a spread of 90.  The 10yr Treasury yield rose throughout the week and was 11 basis points higher during the period through Thursday but the benchmark […]

Credit spreads clawed their way back from the wides of last week and are poised to finish the period tighter.  The OAS on the Corporate Index was 3 basis points tighter this week through Thursday. The 10yr Treasury yield inched lower throughout the week as investors remained wary of risk assets.  The 10yr was 7bps […]

Credit spreads moved meaningfully wider this week in sympathy with the rout in equities but the credit market has a more optimistic vibe as we go to print Friday morning.  The OAS on the Corporate Index was 10 basis points wider on the week, closing at 97, its widest level of 2025 and the widest […]

Credit spreads showed some stability this week which was impressive given the deluge of new issue supply.  It looks as though the period will finish on a positive note based on price action this Friday morning.  The OAS on the Corporate Index was unchanged at 87 basis points this week through Thursday.  The 10yr Treasury […]

Credit spreads finally experienced their first bout of widening in 2025.  Now, to be clear, we are not talking about much of a move in the grand scheme of things. Although the index closed Thursday at its widest level of 2025 it sits only 7 basis points off the tights.  The OAS on the Corporate […]

Credit spreads remained near their tightest levels of 2025 during the holiday shortened week.  The option adjusted spread of the Bloomberg US Corporate Bond Index closed at 78 on Thursday February 20 after closing the week prior at the same level.  The 10yr Treasury yield did not exhibit much change during the week and was […]