Credit spreads were tighter this week.  The OAS on the Corporate Index closed at 88 on Thursday March 19th after closing the week prior at 92.  Spreads were quite volatile throughout the period but the price action was downright orderly compared to most risk assets.  Equites are poised to finish lower for the 4th consecutive […]

Credit spreads were meaningfully wider this week through Thursday, though the tone was positive with tighter spreads on Friday morning.  The OAS on the Corporate Index closed at 90 on Thursday March 12th after closing the week prior at 83.  The 10yr Treasury ended last week at 4.14% and it closed at 4.26% on Thursday […]

Credit spreads inched tighter this week on the back of strong demand.  Investors were motivated by a flight to quality and higher all-in yields.  The OAS on the Corporate Index closed at 81 on Thursday March 5th after closing the week prior at 84.  Spreads are wider as we go to print on Friday morning […]

Credit spreads moved wider this week.  The OAS on the Corporate Index closed at 82 on Thursday February 26th after closing the week prior at 77.  The 10yr Treasury closed last week at 4.08% and had closed at 4.0% on Thursday before breaching 4% on Friday morning.  If the current level holds, today will be […]

Credit spreads drifted wider this week and the tape is somewhat weak on Friday morning.  The AI disruption trade was in full force during the period throughout the equity markets and some portions of the leveraged loan and high yield credit markets, while IG credit remained relatively unscathed.  The OAS on the Corporate Index closed […]

Credit spreads remained range bound this week with The Index just slightly wider through Thursday.  The OAS on the Corporate Index closed at 73 on Thursday January 29th after closing the week prior at 72.  The 10yr Treasury closed last week at 4.23% and exhibited almost no change whatsoever throughout the week before closing at […]

Credit spreads moved tighter this week.  The OAS on the Corporate Index closed at 71 on Thursday January 22nd after closing the week prior at 74.  The Index was 7 bps tighter YTD and stood at its tightest level since 1998 amid a strong technical backdrop for credit.  The 10yr Treasury closed last week at […]

Credit spreads will finish wider this week.  The OAS on the Corporate Index closed at 76 on Thursday October 30th after closing the week prior at 75.  Although this was a very modest move wider the market “feels” a bit heavier as we go to print on Friday.  Investors are busy processing earnings releases as […]

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 […]