CDX declines in short session; junk bond market expectedly quiet

By Cristal Cody

Tupelo, Miss., Dec. 22 – The bond markets closed at 2 p.m. ET for the Christmas Day break with trading desks lightly staffed.

The iShares iBoxx High Yield Corporate Bond ETF fell 9 cents, or 0.12%, to $77.47 on Friday.

The CDX High Yield 30 index fell 6 basis points on Friday to 105.8.

The index climbed 67 bps on Thursday, declined 37 bps on Wednesday, improved 17 bps on Tuesday and increased 1 bp on Monday.

The index posted a cumulative gain of 144 bps in the prior week.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.