A key measure of credit risk is rising alongside falling stocks as earnings reinforce concerns about the health of corporate America. Meanwhile, investment bankers are chipping away at the tens of billions of dollars in leveraged buyout debt that remains famously stuck on their balance sheets.
- The spread on the Markit CDX North American Investment Grade
Index , which declines as credit risk drops, widened 1.81 basis points to 73.84 as of 7:18 a.m. New York time - More high-grade borrowers may bring new deals on Wednesday to capitalize on robust demand in the primary market after five high-grade issuers raised …
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