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

2-Jul-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 400.67 282.67 7.24 452 1323 - - Basic Materials 5.8% 267 94.15 1.9% BB 1.9%

1W 400.18 284.91 7.22 452 1319 0.12% 0.20% Consumer Goods 6.1% 142 96.49 2.2% B 2.3%

1M 399.50 278.89 7.12 452 1319 0.29% 0.52% Consumer Services 32.5% 516 90.82 1.1% CCC 1.0%

3M 393.13 320.78 7.31 446 1310 1.92% 3.96% Financials 8.9% 206 95.01 1.1% CC -37.6%

6M 393.50 301.70 6.84 444 1323 1.82% 3.07% Health Care 14.1% 299 92.85 2.9% C 0.0%

1Y 379.76 299.03 7.08 428 1242 5.51% 7.38% Industrials 12.7% 149 96.16 1.1%

YTD 393.50 301.70 6.84 444 1323 1.82% 3.07% Oil & Gas 6.7% 149 97.75 3.8%

Technology 5.6% 169 95.46 1.3%

Cash vs CDX Basis (bps) Telecommunications 4.6% 1062 82.94 1.6%

CDX Cash Basis 6M Min 6M Max 6M Z Score 6M Percentile Utilities 3.1% 80 96.98 2.7%

5Y 303.62 282.67 20.95 1.78 58.10 -0.28 40%

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

Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 0

2.0 2.5 Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Jul-26

Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Jul-26 CDX HY iBoxx HY

60% HY Composite Rating Distribution

HY Avg Sector OAS by Rating 9% CDX HY vs iBoxx HY vs iBoxx HY Rate Hedged Total Returns 7000 8% 50% Basic Materials

6000 7% Consumer Goods

40% 5000 Consumer Services 6%

Core Financials 5%

30% 4000 Health Care 4%

3000 Industrials 3%

20% Oil & Gas 2%

Technology 1%

10% 1000 Telecommunications 0%

Utilities -1% 0