Investment Grade Weekly

08 Feb 2019

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 02/08/2019 It was a mixed week for Investment Grade Credit. The spread on the Corporate Index marched tighter on Monday and Tuesday before closing wider on both Wednesday and Thursday. The wider close on Wednesday snapped a remarkable streak of 22 straight trading days where the index closed tighter than the […]

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31 Jan 2019

CAM INVESTMENT GRADE WEEKLY INSIGHTS

It was another strong week for IG credit. The OAS on the Bloomberg Barclays Corporate Index opened the week at 147 and tightened to 143 through the close on Thursday evening. The tone remains positive in the market this Friday morning as the 2019 risk rally continues. The OAS on the index finished 2018 at [...]
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07 Dec 2018

CAM INVESTMENT GRADE WEEKLY INSIGHTS

It was another volatile week in the credit markets with wider spreads and lower rates. Through the close on Thursday evening, the Bloomberg Barclays Corporate Index was 8 basis points wider on the week while the 10yr Treasury is 9 basis points lower on the week as we go to print on Friday morning. The [...]
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30 Nov 2018

CAM INVESTMENT GRADE WEEKLY INSIGHTS

Credit markets are struggling to find footing, as the Bloomberg Barclays Corporate Bond Index opened Friday at an OAS of 135 which is the widest level of 2018. Investment grade credit has drifted wider since November 8, when the index closed at an OAS of 113. The move wider in credit over that timeframe has [...]
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09 Nov 2018

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 11/09/2018 Credit spreads look to finish the week tighter, as the Bloomberg Barclays Corporate Bond Index opened Friday at an OAS of 114 after starting the week at 117. As we go to print, the 10yr Treasury sits at 3.223%, which is 1 basis point higher relative to its close a […]

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06 Nov 2018

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 11/02/2018 It was another week of volatility in risk assets, but the tone improved throughout, and was cemented by an above-consensus monthly employment report on Friday morning. Credit spreads are at 3-month wides as the Bloomberg Barclays Corporate Index sits at an OAS of 119. As we go to print, positive […]

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29 Oct 2018

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 10/26/2018 Amid the backdrop of a volatile equity market, corporate credit spreads are meaningfully wider on the week as we go to print, with credit spreads at least 5 wider across the board. On Friday afternoon, the 10yr Treasury stood at 3.08%, which is 11 basis points lower on the week. […]

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01 Oct 2018

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 09/28/2018 Corporate credit spreads are largely unchanged on the week. As expected, the Fed increased the Federal Funds Target Rate by 25 basis points on Thursday to an upper bound of 2.25%.¬† This was the third rate hike of 2018 and the 8th increase in the current tightening cycle which began […]

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21 Sep 2018

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 09/21/2018 Corporate credit spreads are generically 3 bps tighter on the week and the 10-yr Treasury is 8 bps higher than last weeks close. At 3.08%, the 10-yr is close to retesting year-to-date highs of 3.11%. According to Wells Fargo, IG fund flows decelerated during the week of September 13-September 19 […]

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14 Sep 2018

CAM Investment Grade Weekly Insights

CAM Investment Grade Weekly 09/14/2018 The corporate credit market has had a positive tone this week and the majority of individual credits are at least 3-4 basis points tighter since the week began, while some higher beta credits are close to 10 basis points tighter. Ten year Treasuries are higher on the week and flirting […]

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