A key measure of credit risk opened tighter ahead of a much anticipated jobs report that will give investors clues on the Federal Reserve’s monetary-policy path. Meanwhile, the extra yield premium that borrowers have to offer to sell new investment-grade debt soared on Thursday to nearly four times the year-to-date average.
- The spread on the
Markit CDX North American Investment Grade Index , which declines as credit risk drops, tightened 0.86 basis points to 97.9 as of 7:09 a.m. New York time- A strong jobs report means the “long pined for Fed pivot is on ice for now,” and credit ...
- A strong jobs report means the “long pined for Fed pivot is on ice for now,” and credit ...