CAM Investment Grade Weekly 9/6/2019 Spreads are set to finish the week tighter, a remarkable feat considering the tsunami of new issue supply.  The OAS on the corporate index closed at 120 on Thursday after closing the prior week at a spread of 120 but as we go to print on Friday afternoon spreads have […]

CAM Investment Grade Weekly 8/16/2019 Spreads are likely to finish wider for the second consecutive week.  The OAS on the corporate index is at 124 this morning after closing the prior week at a spread of 120.  Spreads opened the previous week at 113, so the move wider in credit has been meaningful over the […]

CAM Investment Grade Weekly 8/9/2019 Spreads in the corporate market are set to finish the week meaningfully wider as the OAS on the index opened at 113 on Monday and is trading at 119 as we go to print on Friday morning.  Rate volatility was as the forefront this week as the rates market has […]

CAM Investment Grade Weekly 7/19/2019 The corporate market was modestly wider on the week with the spread on the index 1 basis point wider week over week as we go to print on Friday morning.  Spreads have largely been in a holding pattern for the month of July, as the index opened the month at […]

CAM Investment Grade Weekly 05/17/2019 The tone in the credit markets was mixed this week.  The market felt heavy on Tuesday amid trade ramifications but by the time Thursday rolled around the tone was quite strong.  All told it looks as though we will finish the week relatively unchanged as far the spread on the […]

CAM Investment Grade Weekly 05/10/2019 Amid a deluge of new issue supply and a weaker macroeconomic backdrop, we can finally say that the investment grade credit markets experienced a week of notable spread widening.  The spread on the corporate index closed Thursday at 116, 4 basis points wider on the week and 7 basis points […]

CAM Investment Grade Weekly 04/26/2019 The investment grade credit market traded sideways this week as the OAS on the corporate index looks to finish relatively unchanged.  Spreads continue to remain near their tightest levels of 2019 which has been the case since mid-April.  It was a busy week for earnings and it was feast or […]

CAM Investment Grade Weekly 04/12/2019 The investment grade credit market continues to benefit from the euphoria of risk-on sentiment that is flooding the capital markets.  The OAS on the index closed Thursday at its tightest level of the year.  Segmenting the index out by quality, both the A-rated portion of the index and the BBB-rated […]

CAM Investment Grade Weekly 03/22/2019 The investment grade credit markets closed at YTD tights on Thursday evening, riding a wave of strong sentiment from a surprisingly dovish Fed statement on Wednesday.  The story changed on Friday, however, with a decidedly softer tone fueled by concerns about the lack of growth globally.  Credit is mixed as […]