CREDIT DAYBOOK AMERICAS: Risk Gauges Worsen on Middle East Fears

Credit fears rose further Friday after Israel attacked Iran’s nuclear program sites, in a major escalation of tensions in the Middle East.

• The attack caused crude oil prices to jump as much as 13%, while US stock futures slid and gold and the dollar rose
• The Markit CDX North American Investment Grade Index, which increases when perceived credit risk climbs, rose 1.5 basis point to 55.3 basis points after climbing the most in nearly three weeks on Thursday
  • A similar gauge for high yield corporates, which falls as risk increases, dropped 0.2 point to 106.4
• Oil prices that stay ...