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

3-Aug-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 399.55 290.91 7.49 452 1323 - - Basic Materials 5.9% 304 93.61 1.8% BB 1.5%

1W 399.07 289.64 7.49 452 1323 0.12% 0.30% Consumer Goods 6.0% 143 96.15 1.8% B 2.2%

1M 400.76 282.28 7.21 452 1319 -0.30% 0.24% Consumer Services 32.5% 568 90.19 0.7% CCC 0.2%

3M 397.97 290.33 7.10 446 1310 0.40% 1.54% Financials 8.9% 220 94.60 1.3% CC -40.8%

6M 395.36 289.95 6.80 446 1330 1.06% 2.62% Health Care 14.0% 290 92.64 2.8% C 0.0%

1Y 381.28 317.95 7.10 432 1261 4.79% 7.68% Industrials 12.8% 170 95.52 0.8%

YTD 393.50 301.70 6.84 444 1323 1.54% 3.26% Oil & Gas 6.7% 147 97.48 4.0%

Technology 5.7% 166 95.27 0.8%

Cash vs CDX Basis (bps) Telecommunications 4.5% 1304 79.63 0.0%

CDX Cash Basis 6M Min 6M Max 6M Z Score 6M Percentile Utilities 3.1% 103 96.56 2.3%

5Y 312.22 290.91 21.31 1.78 58.10 -0.42 30%

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

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