iBoxx HY Snapshot

研报英文原文证据摘录

iBoxx HY Snapshot

2 7 9 10 11 18 23 25 26 27

iBoxx HY Snapshot CreditPhilipDerivativeDobrinovStrategy

+1 212 723 2118

25-Jun-26

iBoxx HY CDX HY (5Y) Total

Sector Sector Weights Avg OAS (bp) Avg Price YTD TR

NAV OAS (bp) Yield # of Issuers # of Bonds Total Return Return Rating YTD TR

Current 400.18 284.91 7.22 452 1319 - - Basic Materials 6.2% 285 94.77 1.9% BB 1.7%

1W 400.15 270.99 7.17 452 1319 0.01% 0.26% Consumer Goods 6.0% 132 96.50 2.2% B 2.3%

1M 397.89 280.34 7.21 445 1305 0.58% 0.77% Consumer Services 32.9% 508 90.97 0.8% CCC 0.7%

3M 390.92 325.70 7.47 441 1300 2.37% 3.66% Financials 9.0% 194 95.34 1.1% CC -40.3%

6M 392.55 303.75 6.88 444 1323 1.95% 2.93% Health Care 13.7% 302 92.82 2.7% C 0.0%

1Y 378.07 320.13 7.16 425 1243 5.85% 8.32% Industrials 12.5% 159 96.22 1.0%

YTD 393.50 301.70 6.84 444 1323 1.70% 2.86% Oil & Gas 6.5% 152 97.72 3.7%

Technology 5.5% 171 95.44 1.4%

Cash vs CDX Basis (bps) Telecommunications 4.6% 1074 83.41 1.7%

CDX Cash Basis 6M Min 6M Max 6M Z Score 6M Percentile Utilities 3.0% 104 96.99 2.6%

5Y 304.83 284.91 19.92 1.78 58.10 -0.33 37%

1Y

CDX- Cash Basis

8.0 iBoxx HY Yield and Duration 3.5 450 iBoxx HY OAS vs CDX HY Spread 60

7.0 3.3 400 50

6.0 350 40

3.1

5.0 300 30

2.9

4.0 Yield (LHS) 250 20

Duration (RHS) 2.7 10 3.0 200

Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 0

2.0 2.5 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26

Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26 CDX HY iBoxx HY

60% HY Composite Rating Distribution

HY Avg Sector OAS by Rating 10% CDX HY vs iBoxx HY vs iBoxx HY Rate Hedged Total Returns 7000 9%

50% Basic Materials 8%

6000 Consumer Goods 7%

40% Consumer Services 6% 5000

Core Financials 5%

30% 4000 Health Care 4%

Industrials 3%

20% 3000 Oil & Gas 2%

Technology 1% 2000 Telecommunications 10% 0%

1000 Utilities -1%