CREDIT DAYBOOK AMERICAS: Sales Come Back; Conn’s Eyes Bankruptcy

Two investment-grade deals were announced overnight, as new issuance starts to trickle in ahead of the US July 4 holiday. Meanwhile, furniture retailer Conn’s is preparing for a potential bankruptcy filing as it faces sales declines and struggles to integrate a rival chain.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, widened 0.51 basis points to 52.9 as of 7:13 a.m. New York time
• ANZ Bank and SMFG announced new high-grade dollar bond deals during Asia business hours, the first to hit the market since Thursday
  • Dealers are expecting only ...