A gauge of U.S. corporate credit risk rose before the Federal Open Market Committee releases minutes for its January meeting and as housing starts declined.
February 20, 2013 at 12:00 AM
1 minute read
A gauge of U.S. corporate credit risk rose before the Federal Open Market Committee releases minutes for its January meeting and as housing starts declined.
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 1 basis point to a mid-price of 86.4 basis points Wednesday, according to prices compiled by Bloomberg.
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