CREDIT DAYBOOK AMERICAS: Risk Gauge Widens; IG Sales Near View

A measure of credit risk, the CDX IG, is widening in early trading in New York and weekly investment-grade volume is approaching dealers’ estimates of $30 billion after Tuesday’s eight borrowers brought the week’s total to over $26 billion. Owens & Minor’s $500 million junk bond that will help fund its acquisition of Apria is still the only deal in the high-yield market.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, widened 0.86 basis points to 70.6 as of 7:29 a.m. New York time
• Lowe’s headlined a $10.5b docket on ...