A calm day in credit. Every group stayed inside its usual pace. Fifth of eight asset classes today. Spread complex moved at 2.0× its usual pace and default cycle & lending at 0.0×.
2.0× its usual move
HYG ETF flows went from 0.27 to 1.08. HY OAS moved from -8.0% to -1.0%.
Quiet (0.0×)
Corporate charge-off rate held at 0.58% at the latest reading.
No fresh reading in this group.
Descriptive research, not investment advice