iBoxx HY Snapshot

研报英文原文证据摘录

iBoxx HY Snapshot

iBoxx IG Snapshot CreditPhilipDerivativeDobrinovStrategy

+1 212 723 2118

10-Jul-26

iBoxx IG CDX IG (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 343.10 91.83 5.76 427 3122 - - Basic Materials 1.5% 120 91.40 1.0% AAA -1.6%

1W 345.43 88.38 5.66 427 3122 -0.68% 0.07% Consumer Goods 8.8% 97 93.66 0.3% AA -1.4%

1M 343.87 86.65 5.67 425 3105 -0.22% 0.38% Consumer Services 10.7% 119 87.88 -0.9% A -0.1%

3M 344.48 92.79 5.53 425 3096 -0.40% 1.24% Financials 25.1% 103 92.01 -0.1% BBB 0.3%

6M 344.30 88.73 5.36 424 3018 -0.35% 2.18% Health Care 14.3% 90 90.69 0.2%

1Y 328.74 92.05 5.61 417 2914 4.37% 4.78% Industrials 6.8% 89 92.02 0.3%

YTD 343.41 89.10 5.38 424 3017 -0.09% 2.33% Oil & Gas 7.9% 103 94.70 1.0%

Technology 17.4% 117 88.92 -1.0%

Cash vs CDX Basis (bps) Telecommunications 2.8% 135 88.50 -0.8%

CDX Cash Basis 6M Min 6M Max 6M Z Score 6M Percentile Utilities 5.4% 110 93.06 0.4%

5Y 50.73 91.83 -41.10 -49.23 -31.45 -1.04 12%

10Y 90.67 91.83 -1.16 -10.31 7.97 -0.80 14% 20

6.5 0.00 0.00 0.00 0.00 8.60.00 120 0.00 0.00 CDX- Cash Basis

iBoxx IG Yield and Duration iBoxx IG OAS vs CDX IG Spread 10

6.0

8.5 100 0

5.5

80 -10 5.0 8.4

4.5 60 -20

8.3

4.0 -30 40

3.5 8.2 -40

3.0 Yield (LHS) 20 -50 5Y Basis 10Y Basis 8.1

2.5 Duration (RHS) 0 -60

2.0 8.0 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

iBoxx IG CDX IG 5Y CDX IG 10Y Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Jul-26

160 6%50% IG Composite Rating Distribution IG Avg Sector OAS by Rating CDX IG vs iBoxx IG vs iBoxx IG Rate Hedged Total Returns

140 Basic Materials 5%

40% 120 ConsumerConsumer GoodsServices 4%

100 Core Financials 3%

30% Health Care 2%

80 Industrials