U.S. Company Credit Swaps Rise as Investors Weigh Fed Stimulus
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A gauge of U.S. corporate credit risk rose to the highest level in two months amid speculation on the future pace of Federal Reserve stimulus.
The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, increased 3.8 basis points to a mid-price of 85.7 basis points at 4:20 p.m. in New York, according to prices compiled by Bloomberg. That’s the highest level since April 5.