US Credit Fear Gauge Reaches Highest Since August After Inflation Data
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A gauge of credit market fear showed the most worry in seventh months after economic reports suggested inflation is staying stubbornly high, adding to concerns about how tariffs will affect prices, while consumer spending is showing signs of weakness.
The price on the Markit CDX North American High Yield Index declined 0.6 point on Friday, to 105.14. The index falls as perceived credit risk climbs, and reached its lowest reading on a roll-adjusted basis since August.