U.S. credit market concerns rise to highest level since October

Affected by the escalation of the Middle East conflict, oil prices have soared, while both the stock market and government bond markets have declined. As of 10:55 a.m. New York time, the Markit CDX North American Investment Grade Bond Index spread widened by 3.15 basis points to 57.83 basis points, reaching its highest level since May 27. When risk rises, this indicator increases. The similar index for junk bonds (which falls when risk rises) dropped by 0.72 to 106.28, marking its lowest level since November 21.