Markit CDX North American IG

Type: Product

Name: Markit CDX North American IG

First reported May 17 2013 - Updated May 17 2013 - 2 reports

Credit Swaps in U.S. Fall as Leading Indicators, Sentiment Rise

May 17 (Bloomberg) -- A gauge of U.S. corporate credit risk declined for the third time in five days as measures of consumer confidence and leading indicators climbed.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark ... [Published La Repubblica - May 17 2013]

Entities: Credit Default Swaps, United States, PETROBRAS Petróleo Brasileiro SA, Merck & Co Inc, Leader Capital Corp

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Credit Swaps in U.S. End Two-Day Decline as Jobless Claims Rise

May 16 (Bloomberg) -- A gauge of U.S. corporate credit risk ended a two-day drop as data showed housing starts declined and initial jobless claims rose more than forecast.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark ... [Published La Repubblica - May 16 2013]

Entities: Credit Default Swaps, United States, Markit CDX North American IG

First reported May 16 2013 - Updated May 16 2013 - 2 reports

Hess Corporation

U.S. Swaps Erase Drop as Fed’s Williams Says Stimulus May Slow

May 16 (Bloomberg) -- A gauge of U.S. corporate credit risk erased an earlier decline after Federal Reserve Bank of San Francisco President John Williams said the central bank may start tapering its bond purchases as soon as this summer.The Markit CDX ... [Published La Repubblica - May 16 2013]

Entities: John Williams, Hess Corporation, Moody's Corporation, Martin John

First reported May 15 2013 - Updated May 15 2013 - 2 reports

Moody's Corporation

U.S. Company Credit Swaps Drop; AmEx Sells $1.85 Billion of Debt

May 15 (Bloomberg) -- A gauge of U.S. corporate credit risk declined for a second day as investors weighed the future pace of central-bank stimulus.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark used to hedge against ... [Published La Repubblica - May 15 2013]

Entities: Credit Default Swaps, United States, Moody's Corporation

First reported May 14 2013 - Updated May 15 2013 - 3 reports

American Express Company

U.S. Company Credit Swaps Drop; American Express Plans Debt Sale

May 15 (Bloomberg) -- A gauge of U.S. corporate credit risk declined for a second day as investors considered the future pace of central-bank stimulus.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark used to hedge ... [Published La Repubblica - May 15 2013]

Entities: Credit Default Swaps, American Express Company, United States, Moody's Corporation

First reported May 13 2013 - Updated May 13 2013 - 2 reports

Federal Reserve System

Credit Swaps in U.S. Record Biggest Four-Day Rise Since March

May 13 (Bloomberg) -- A gauge of U.S. corporate credit risk rose, adding to its biggest four-day climb in almost two months.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses ... [Published La Repubblica - May 13 2013]

Entities: Credit Default Swaps, Federal Reserve System, United States, Edward Marrinan

First reported May 08 2013 - Updated May 09 2013 - 3 reports

Wendy's

U.S. Corporate Credit Swaps Hold; Junk Yields Fall to Record Low

May 8 (Bloomberg) -- A gauge of U.S. corporate credit risk held near its lowest level in more than five years.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate ... [Published La Repubblica - May 08 2013]

Entities: yield, Wendy's, United States

First reported May 06 2013 - Updated May 07 2013 - 2 reports

Corporate Credit Swaps in U.S. Decline for Fourth Straight Day

A gauge of U.S. corporate credit risk fell for a fourth straight day, poised for its 12th decline in the past 13 trading sessions.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against ... [Published Bloomberg - May 07 2013]

Entities: United States, Markit CDX North American IG, Credit Default Swaps, Creditworthiness

First reported May 06 2013 - Updated May 06 2013 - 1 reports

U.S. Corporate CDS Tightest Since 2007

The Markit CDX North American Investment Grade Index narrowed 3.1 basis points to 71.2 bps, the tightest level since Nov. 6, 2007, when it hit 68.8 bps, thanks to a better-than-expected employment report for April. ... [Published Derivatives Intelligence - May 06 2013]

Entities: Markit CDX North American IG, United States, Credit Default Swaps

First reported May 02 2013 - Updated May 03 2013 - 2 reports

U.S. Credit Swaps Decline for Second Day Before Payrolls Data

A gauge of U.S. corporate credit risk dropped to the lowest level in more than five years before a report on employment in the world’s biggest economy.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors ... [Published BusinessWeek - May 03 2013]

Entities: Victoria Stilwell, United States, Markit CDX North American IG

First reported Apr 24 2013 - Updated Apr 25 2013 - 3 reports

U.S. Credit Swaps Fall; Microsoft Said to Plan First Euro Issue

April 25 (Bloomberg) -- A gauge of U.S. corporate credit risk declined for a fifth straight day as fewer Americans filed first-time claims for unemployment insurance payments last week.The Markit CDX North American Investment Grade Index, a credit-default ... [Published La Repubblica - Apr 25 2013]

Entities: Microsoft Corporation, Walgreen Co, United States, Moody's Corporation

First reported Apr 22 2013 - Updated Apr 23 2013 - 2 reports

U.S. Corporate Credit Swaps Fall Before Report on New-Home Sales

A gauge of U.S. corporate credit risk fell as investors awaited data on new-home sales.The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, ... [Published Bloomberg - Apr 23 2013]

Entities: United States, Markit CDX North American IG, Credit Default Swaps, Creditworthiness

Quotes

This is another phase of the new paradigm that we noted in 1981 - "No matter how much the Fed prints, financial assets will outperform commodities."

The Greatest Garbage Market in History [Published Safe Haven - May 17 2013]

May 9 - Financial Times (Vivianne Rodrigues and Stephen Foley): "Global investors are venturing to the riskiest corners of the US corporate debt markets in greater numbers in a so-called dash for trash as the relentless search for higher yields shows no signs of abating. Bonds sold by companies with the lowest possible credit ratings have soared in popularity with investors, who have been diverted from top tier government and corporate debt where central banks are suppressing interest rates... Heavy buying has pushed down the average yield on CCC-rated bonds to 6.77% from 10.13% a year ago... 'It's a frenzy out there with these high yield bonds,' said Jason Brady, a portfolio manager at Thornburg Investment Management. 'We've been spending a lot of time trying to sort through an avalanche of new issuance which is, by and large, of terrible quality.""

Thoughts on the Electronic Printing Press [Published Safe Haven - May 11 2013]

More Content

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The Greatest Garbage Market in History [Published Safe Haven - May 17 2013]
Aberdeen Sounds Alarm as Asia Bond Growth Soars... [Published La Repubblica - May 17 2013]
Credit Swaps in U.S. Fall as Leading Indicators... [Published La Repubblica - May 17 2013]
U.S. Corporate Credit Swaps Fall Before Consume... [Published BusinessWeek - May 17 2013]
U.S. Swaps Erase Drop as Fed’s Williams Says St... [Published La Repubblica - May 16 2013]
Default Swaps in U.S. Fall Third Day; Hess Cred... [Published La Repubblica - May 16 2013]
BlackRock Develops Alternatives to Money Funds:... [Published La Repubblica - May 16 2013]
Credit Swaps in U.S. End Two-Day Decline as Job... [Published La Repubblica - May 16 2013]
U.S. Company Credit Swaps Drop; AmEx Sells $1.8... [Published La Repubblica - May 15 2013]
US Company Credit Swaps Drop; AmEx Sells $1.85 ... [Published Bloomberg via Google News - May 15 2013]
U.S. Company Credit Swaps Drop; American Expres... [Published La Repubblica - May 15 2013]
Credit Swaps in U.S. Hold Before Producer Price... [Published La Repubblica - May 15 2013]
Credit Swaps in U.S. Decline; Dish to Sell Debt... [Published La Repubblica - May 14 2013]
Ratings Shopping Revived in Asset-Backed Reboun... [Published Bloomberg - May 14 2013]
Credit Swaps in U.S. Record Biggest Four-Day Ri... [Published La Repubblica - May 13 2013]
U.S. Company Credit Swaps Rise a Fourth Day Bef... [Published La Repubblica - May 13 2013]
Chesapeake Ruling Shocks With $117 Million Loss... [Published Washington Post - May 13 2013]
Thoughts on the Electronic Printing Press [Published Safe Haven - May 11 2013]
Corporate Credit Swaps in U.S. Hold as G-7 Fina... [Published Bloomberg - May 10 2013]
U.S. Company Credit Swaps Rise as Central Banks... [Published Bloomberg - May 09 2013]
U.S. Corporate Credit Swaps Hold; Junk Yields F... [Published La Repubblica - May 08 2013]
U.S. Corporate Credit Swaps Rise; Junk Yields F... [Published La Repubblica - May 08 2013]
Corporate Credit Swaps in U.S. Rise After Reach... [Published La Repubblica - May 08 2013]
Corporate Credit Swaps in U.S. Decline for Four... [Published Bloomberg - May 07 2013]
Africa Enthralls Goldman With Record Bond Sales... [Published Club of Mozambique - May 06 2013]
U.S. Corporate CDS Tightest Since 2007 [Published Derivatives Intelligence - May 06 2013]
Neiman Marcus Swaps Rise as Owners Mull Exit; G... [Published BusinessWeek - May 06 2013]
Corporate Credit Swaps in U.S. Hold at More Tha... [Published La Repubblica - May 06 2013]
Africa Enthralls Goldman With Record Bond Sales... [Published La Repubblica - May 06 2013]
Microsoft to AT&T Cross Atlantic for Euro Rates... [Published La Repubblica - May 04 2013]

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Prospects Daily: Portuguese and Irish bonds adv... [Published blogs.worldbank.org - Mar 05 2013] Financial Markets … Perceived credit risk of U.S. corporate bonds has eased significantly since last September, with the benchmark Markit CDX North America Investment Grade index sliding 83 basis points on Tuesday (intraday, lowest level in more than ...
Corporate Debt Ratings Are Getting Cut At The F... [Published Clusterstock - Dec 26 2012] Dec. 26 ( Bloomberg ) -- Standard & Poor’s and Moody’s Investors Service are cutting corporate debt ratings at the fastest pace since 2009 as a global economic slowdown and record borrowing erode credit quality. The ratio of ratings downgrades to ...
Prospects Daily: Hungary, Turkey, and Sweden cu... [Published blogs.worldbank.org - Dec 18 2012] Financial Markets …Global stocks advanced on Tuesday, with the benchmark MSCI world equity index gaining 0.6%, as growing optimism on U.S. budget talks boosted investor confidence. The MSCI Asia Pacific Index rose 0.5%, heading for the highest closing ...