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Quarter-End Insights

Credit Outlook: Sector Updates and Top Bond Picks

Get our sector-by-sector take on the bond markets, plus our five best bond ideas.

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<< View Our Credit Market Outlook Overview

Credit Sector Roundup
Last quarter we predicted that U.S. bank credit spreads would continue to be volatile, and the market certainly met our expectations. For example, the five-year credit spread for Citigroup (C, rating: A-) had a high of over 350 basis points and a low of 220 basis points for the quarter. Morgan Stanley (MS, rating: BBB) was even more volatile with its five-year credit spreads hitting a high of over 600 basis points and low of 300 basis points for the quarter.

David Sekera does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.