9.17.2008

CDX Morning Update

IG5 - 201.75 (mid), quoted 200.25 x 201.25 wider by 0.83bps from yesterday's close.
HVOL 5Y - 464.75 (mid), quoted 463.75 x 465.75 narrower by 13.58bps from yesterday's close.
XO 5Y - 330(mid), quoted 328 x 332, narrower by 45 basis points from yesterday's close.

Continuing to see significant narrowing occur in the HV sector for CDX's on the AIG news this morning. IG's seeing some resistance, working to establish prices on some underlying names before publishing.

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