Search
 

Company Credit Swaps in U.S. Fall to Six-Year Low

Investors take increasing pace of hiring and number of open jobs to be positive indicators of companies' creditworthiness.

By Callie Bost, Bloomberg | Updated on November 22, 2013

A gauge of U.S. company credit risk fell to the lowest level since 2007 as job openings climbed to a five-year high. The cost to protect the debt of Time Warner Cable Inc. against losses decreased.

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, decreased 1.7 basis points to 68.8 basis points as of 4:22 p.m. in New York, according to prices compiled by Bloomberg. The benchmark is poised to reach the lowest closing level since November 2007.

 

Recommended Stories

Verizon Likes Investor Scrutiny of ESG Bonds

Verizon Likes Investor Scrutiny of ESG Bonds

Caleb Mutua |

The company has issued five green bonds, including a $1 billion offering earlier this month. “Added scrutiny ... enables our platform to continue to shine compared to the rest of the market.”

How to Prepare for Prospective Divestitures

How to Prepare for Prospective Divestitures

T&R Staff |

Deloitte managing director Brenda Ciampolillo explores the implications of new research suggesting nearly half of companies will divest a business unit this year.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.