Little happened in credit. Fifth of eight asset classes today. Spread complex moved at 1.2× its usual pace and default cycle & lending at 0.0×.
1.2× its usual move
LQD ETF flows went from 0.03 to 0.78. AAA credit moved from 0.46% to 0.39%.
Quiet (0.0×)
Corporate charge-off rate held at 0.59% at the latest reading.
No fresh reading in this group.