Credit stayed in range all session. Sixth of eight asset classes today. Spread complex moved at 0.7× its usual pace and default cycle & lending at 0.0×.
Quiet (0.7×)
HYG ETF flows went from -0.54 to 0.40. Credit curve slope moved from 9.15% to 9.2%.
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