CREDIT DAYBOOK AMERICAS: FOMC Meets; Citadel Leveraged Loan

Fixed income investors will turn their attention to the last FOMC rate decision of the year, where it is widely expected rates will hold steady for a third consecutive time. Elsewhere, there are five deals with commitments due Wednesday in the US leveraged loan market, including a $400 million sale for Citadel Securities.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, tightened 0.05 basis points to 59.8 as of 7:21 a.m. New York time
• Federal Reserve Chair Jerome Powell will likely push back against the idea that rates cuts are right ...