CREDIT DAYBOOK AMERICA: Investor Fears Ease to Begin Fed Week

Credit fear gauges improved to start the week, mirroring broader market sentiment even as fighting continues between Israel and Iran.

• The Markit CDX North American Investment Grade Index, which falls when perceived credit risk declines, dropped 0.9 basis point in the opening minutes of Monday trading to 55 basis points
  • A similar gauge for junk bonds that rises as that risk drops logged a 0.2 point gain to 106.5
  • Both measures on Friday worsened the most since May 21
• South Korea’s Hanwha Life began this week’s activity in the US investment-grade primary bond market with a 30-year Tier 2 ...