CREDIT DAYBOOK AMERICAS: Private Loan for Zendesk; Fed in Focus

A key measure of credit risk is easing as investors gauge the impact of Russia’s invasion of Ukraine on commodity supply and economic growth. Direct lenders are working on a loan deal for a leveraged buyout of Zendesk. Meanwhile, Fed Chair Jerome Powell is likely to signal the central bank will move forward with plans for raising interest rates in March when he testifies to Congress.

• The spread on the CDX IG index tightened 1.76 basis points to 70.2 as of 7:19 a.m. New York time
• Powell, in semiannual monetary-policy testimony to House and Senate panels starting Wednesday, will try ...