iBoxx HY Snapshot

研报英文原文证据摘录

iBoxx HY Snapshot

iBoxx IG Snapshot CreditPhilipDerivativeDobrinovStrategy

+1 212 723 2118

20-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 342.49 95.44 5.79 427 3122 - - Basic Materials 1.5% 121 91.30 1.0% AAA -1.8%

1W 342.36 93.71 5.79 427 3122 0.04% 0.03% Consumer Goods 8.8% 98 93.48 0.2% AA -1.4%

1M 345.24 87.56 5.64 425 3105 -0.80% 0.30% Consumer Services 10.7% 122 87.61 -1.1% A -0.3%

3M 346.45 91.08 5.47 425 3096 -1.14% 1.08% Financials 25.1% 105 91.76 -0.2% BBB 0.1%

6M 344.26 85.83 5.38 424 3018 -0.51% 2.10% Health Care 14.3% 93 90.36 0.0%

1Y 330.66 89.03 5.56 417 2914 3.58% 4.68% Industrials 6.8% 90 91.80 0.2%

YTD 343.41 89.10 5.38 424 3017 -0.27% 2.35% Oil & Gas 7.9% 103 94.57 1.0%

Technology 17.3% 120 88.58 -1.3%

Cash vs CDX Basis (bps) Telecommunications 2.8% 137 88.21 -1.0%

CDX Cash Basis 6M Min 6M Max 6M Z Score 6M Percentile Utilities 5.4% 112 92.81 0.2%

5Y 52.29 95.44 -43.15 -49.23 -31.45 -1.50 10%

10Y 92.23 95.44 -3.20 -10.31 7.97 -1.28 11% 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 7%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 6%

40% 120 ConsumerConsumer GoodsServices 5%

100 Core Financials 4%

30% Health Care

80 Industrials 3%