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 […]

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 […]