Indices
News & Information

    Oct 30 2023
    New versions of Markit Indices issued due to Credit Event on Rite Aid Corporation

    Following the confirmation of a Bankruptcy Credit Event on Rite Aid Corporation, new versions of all affected Markit CDX indices have been issued with an annex date of 19th October 2023. Below are the new indices along with their corresponding RED Index Code:

    Index Name Index RED Code
    CDX.NA.HY.21-V19 2I65BRZQ6
    CDX.NA.HY.22-V19 2I65BRZR4
    CDX.NA.HY.23-V18 2I65BRZS2
    CDX.NA.HY.24-V18 2I65BRZT0
    CDX.NA.HY.25-V18 2I65BRZU7
    CDX.NA.HY.26-V17 2I65BRZV5
    CDX.NA.HY.27-V18 2I65BRZW3
    CDX.NA.HY.28-V16 2I65BRZX1
    CDX.NA.HY.29-V16 2I65BRZY9
    CDX.NA.HY.30-V16 2I65BRZZ6
    CDX.NA.HY.31-V16 2I65BRAA0
    CDX.NA.HY.32-V14 2I65BRAA1
    CDX.NA.HY.33-V14 2I65BRAA2
    CDX.NA.HY.34-V12 2I65BRAA3
    CDX.NA.HY.35-V4 2I65BRAA4
    CDX.NA.HY.36-V4 2I65BRAA5
    CDX.NA.HY.37-V4 2I65BRAA6
    CDX.NA.HY.38-V4 2I65BRAA7
    CDX.NA.HY.39-V3 2I65BRAA9
    CDX.NA.HY.40-V2 2I65BRAB0
    CDX.NA.HY.41-V2 2I65BRAB1
    CDX.NA.HY.B.31-V10 2I65BSIA8
    CDX.NA.HY.B.32-V10 2I65BSIC4
    CDX.NA.HY.B.33-V7 2I65BSHX9
    CDX.NA.HY.B.37-V3 2I65BSIB6
    CDX.NA.HY.B.38-V3 2I65BSHY7
    CDX.NA.HY.B.39-V2 2I65BSHZ4
    CDX.NA.HY.Ex-BB.34-V11 1D765OBE2
    CDX.NA.HY.Ex-BB.35-V4 1D765OBF9
    CDX.NA.HY.Ex-BB.36-V4 1D765OBG7
    CDX.NA.HY.Ex-BB.37-V4 1D765OBH5
    CDX.NA.HY.Ex-BB.38-V4 1D765OBA0
    CDX.NA.HY.Ex-BB.39-V3 1D765OBB8
    CDX.NA.HY.Ex-BB.40-V2 1D765OBC6
    CDX.NA.HY.Ex-BB.41-V2 1D765OBD4
     
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    Sep 21 2023
    Updated Reference Obligations for Markit CDX.NA.HY.41

    The updated reference obligations that will be included in the upcoming Markit CDX.NA.HY.41 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    CDX HY 41 Reference Obligations.pdf
     
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    Sep 21 2023
    CDX EM Rating Sub-Indices Quoting Convention

    This is to inform market participants that the advised quoting convention for the new CDX EM Rating Sub-Indices that will roll on September 27 is that they are quoted in price terms, similar to the CDX EM flagship index. Please see the list of CDX EM indices and their advised quoting conventions listed in the following table.

    Index Quoting Convention
    CDX Emerging Markets High Yield Index Price
    CDX Emerging Markets Investment Grade Index Price
    CDX Emerging Markets Price

    For more information, please contact cdxadvisory@ihsmarkit.com.
     
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    Sep 20 2023
    Updated List of Changes for Markit CDX.NA.HY.41

    Following is the updated list of changes expected for the upcoming Markit CDX.NA.HY.41 index that will roll on 27 September, 2023. The Administrator determined to make NCL CORP LTD eligible for Cash-Adjusted Liquidity-Based Inclusion in the upcoming series, given its Country of Risk is the United States. The Administrator also determined to include the parent entity VENTURE GLOBAL LNG INC, instead of VENTURE GLOBAL CALCASIEU PASS LLC, to represent the risk of this entity. Please note that this list remains provisional until publication of the final annex for the index.

    Removals Additions
    APACHE CORPORATION MEDLINE BORROWER LP
    OCCIDENTAL PETROLEUM CORPORATION VENTURE GLOBAL LNG INC
    NETFLIX, INC. ORGANON & CO
    SAFEHOLD INC. CLOUD SOFTWARE GROUP INC
    AVON PRODUCTS, INC. NCL CORP LTD
     
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    Sep 20 2023
    List of Constituents for Sub-indices of Markit CDX.NA.HY

    Following is the expected composition of the Markit CDX.NA.HY.B.41, Markit CDX.NA.HY.BB.41 and Markit CDX.NA.HY.Ex-BB.41 sub-indices. Please note that these lists remain provisional till publication of the final annexes for the indices.

    Markit CDX.NA.HY.B.41 Markit CDX.NA.HY.BB.41 Markit CDX.NA.HY.Ex-BB.41
    AMERICAN AIRLINES GROUP INC. AMKOR TECHNOLOGY, INC. AMERICAN AIRLINES GROUP INC.
    AMERICAN AXLE & MANUFACTURING, INC. ANTERO RESOURCES CORPORATION AMERICAN AXLE & MANUFACTURING, INC.
    ANYWHERE REAL ESTATE GROUP LLC ARAMARK SERVICES, INC. ANYWHERE REAL ESTATE GROUP LLC
    AVIS BUDGET GROUP, INC. ASHLAND INC. AVIS BUDGET GROUP, INC.
    BEAZER HOMES USA, INC. AVIENT CORPORATION BAUSCH HEALTH COMPANIES INC.
    BOMBARDIER INC. BALL CORPORATION BEAZER HOMES USA, INC.
    CAESARS ENTERTAINMENT, INC. BATH & BODY WORKS, INC. BOMBARDIER INC.
    CARNIVAL CORPORATION BOYD GAMING CORPORATION CAESARS ENTERTAINMENT, INC.
    CLOUD SOFTWARE GROUP INC CALPINE CORPORATION CARNIVAL CORPORATION
    CSC HOLDINGS, LLC CCO HOLDINGS, LLC CARVANA CO.
    FRONTIER COMMUNICATIONS HOLDINGS, LLC CHESAPEAKE ENERGY CORPORATION CLOUD SOFTWARE GROUP INC
    GFL ENVIRONMENTAL INC. CLEVELAND-CLIFFS INC. COMMSCOPE, INC.
    IHEARTCOMMUNICATIONS, INC. DAVITA INC. COMMUNITY HEALTH SYSTEMS, INC.
    LIBERTY INTERACTIVE LLC DELTA AIR LINES, INC. CSC HOLDINGS, LLC
    MEDLINE BORROWER LP DOMTAR CORPORATION DISH DBS CORPORATION
    MGM RESORTS INTERNATIONAL EQM MIDSTREAM PARTNERS, LP FRONTIER COMMUNICATIONS HOLDINGS, LLC
    NABORS INDUSTRIES, INC. FORD MOTOR COMPANY GFL ENVIRONMENTAL INC.
    NCL CORP LTD GENWORTH HOLDINGS, INC. IHEARTCOMMUNICATIONS, INC.
    PACTIV LLC HILTON DOMESTIC OPERATING COMPANY INC. K. HOVNANIAN ENTERPRISES, INC.
    PITNEY BOWES INC. HOWMET AEROSPACE INC. LIBERTY INTERACTIVE LLC
    POST HOLDINGS, INC. IRON MOUNTAIN INCORPORATED LUMEN TECHNOLOGIES, INC.
    R.R. DONNELLEY & SONS COMPANY KB HOME MEDLINE BORROWER LP
    ROYAL CARIBBEAN CRUISES LTD. KOHL'S CORPORATION MGM RESORTS INTERNATIONAL
    SABRE HOLDINGS CORPORATION LAMB WESTON HOLDINGS, INC. NABORS INDUSTRIES, INC.
    SERVICE PROPERTIES TRUST LOUISIANA-PACIFIC CORPORATION NCL CORP LTD
    STAPLES, INC. MACY'S, INC. PACTIV LLC
    TENET HEALTHCARE CORPORATION MBIA INC. PITNEY BOWES INC.
    THE HERTZ CORPORATION MGIC INVESTMENT CORPORATION POST HOLDINGS, INC.
    TRANSDIGM INC. MPT OPERATING PARTNERSHIP, L.P. R.R. DONNELLEY & SONS COMPANY
    UBER TECHNOLOGIES, INC. MURPHY OIL CORPORATION RITE AID CORPORATION
    UNISYS CORPORATION NAVIENT CORPORATION ROYAL CARIBBEAN CRUISES LTD.
    UNITI GROUP INC. NEW ALBERTSONS L.P. SABRE HOLDINGS CORPORATION
    UNIVISION COMMUNICATIONS INC. NEWELL BRANDS INC. SERVICE PROPERTIES TRUST
    VENTURE GLOBAL LNG INC NORDSTROM, INC. STAPLES, INC.
    WEATHERFORD INTERNATIONAL LTD. NOVA CHEMICALS CORPORATION TENET HEALTHCARE CORPORATION
    NRG ENERGY, INC. THE HERTZ CORPORATION
    OLIN CORPORATION TRANSDIGM INC.
    ONEMAIN FINANCE CORPORATION TRANSOCEAN INC.
    ORGANON & CO UBER TECHNOLOGIES, INC.
    PG&E CORPORATION UNISYS CORPORATION
    SAFEWAY INC. UNITI GROUP INC.
    SEALED AIR CORPORATION UNIVISION COMMUNICATIONS INC.
    SIRIUS XM RADIO INC. VENTURE GLOBAL LNG INC
    STANDARD BUILDING SOLUTIONS INC. WEATHERFORD INTERNATIONAL LTD.
    TEGNA INC.
    TEVA PHARMACEUTICAL INDUSTRIES LIMITED
    THE ADT SECURITY CORPORATION
    THE GAP, INC.
    THE GOODYEAR TIRE & RUBBER COMPANY
    UNITED AIRLINES HOLDINGS, INC.
    UNITED RENTALS (NORTH AMERICA), INC.
    UNITED STATES STEEL CORPORATION
    UNIVERSAL HEALTH SERVICES, INC.
    VISTRA OPERATIONS COMPANY LLC
    XEROX CORPORATION
    YUM! BRANDS, INC.
     
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    Sep 20 2023
    Markit CDX HY 41 Reference Obligations

    The reference obligations that will be included in the upcoming Markit CDX.NA.HY.41 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    CDX HY 41 Reference Obligations.pdf
     
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    Sep 18 2023
    CDX/iTraxx Tranches: September 2023 Roll Dates

    This is to inform market participants that the Sept 2023 roll dates for the tranches referencing the iTraxx/CDX indices will continue to be based on the T+4 convention i.e. the iTraxx/CDX tranche roll dates will be four business days following the respective index roll dates. For clarity, the following are the September 2023 roll dates for iTraxx/CDX tranches.

    Index
    Index Roll Date
    Tranche Roll Date Offset
    Tranche Roll Date
    CDX.NA.IG.41 20-Sep-2023 +4 Bus. Days 26-Sep-2023
    CDX.NA.HY.41 27-Sep-2023 +4 Bus. Days 03-Oct-2023
    iTraxx Europe S40 20-Sep-2023 +4 Bus. Days 26-Sep-2023
    iTraxx Crossover S40 20-Sep-2023 +4 Bus. Days 26-Sep-2023

    The above tranche roll dates conventions are advisory only, and market participants are requested to exercise their own judgement relating to trading of the new series of the iTraxx/CDX tranches.

    For any queries, please email Indices@ihsmarkit.com.
     
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    Sep 15 2023
    List of Changes for Markit CDX.NA.HY.41

    Following are the changes expected for the upcoming Markit CDX.NA.HY.41 index that will roll on 27 September 2023. Please note that this list remains provisional until publication of the final annex for the index.

    Removals Additions
    APACHE CORPORATION MEDLINE BORROWER LP
    OCCIDENTAL PETROLEUM CORPORATION VENTURE GLOBAL CALCASIEU PASS LLC
    NETFLIX, INC. ORGANON & CO
    SAFEHOLD INC. CLOUD SOFTWARE GROUP INC
    AVON PRODUCTS, INC. HUB INTERNATIONAL LTD
     
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    Sep 15 2023
    Updated Reference Obligations for Markit CDX.NA.IG.41

    The updated reference obligations that will be included in the upcoming Markit CDX.NA.IG.41 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    CDX IG 41 Reference Obligations.pdf
     
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    Sep 14 2023
    Reference Obligations for Markit CDX.EM.40

    The reference obligations that will be included in the upcoming Markit CDX.EM.40 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    CDX EM 40 Reference Obligations.pdf
     
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    Sep 14 2023
    Markit iBoxx USD Liquid High Yield Index sector weights for the Markit CDX HY Series 41 roll

    The sector weights of the Markit iBoxx USD Liquid High Yield Index, excluding non-US and Canada domiciled names, to be used for the upcoming CDX HY Index roll have been determined to be the following:

    iBoxx Level 5 Sector % weight
    Basic Materials 3.498%
    Consumer Goods 10.067%
    Consumer Services 28.561%
    Financials 10.174%
    Healthcare 8.340%
    Industrials 14.277%
    Energy 11.695%
    Technology 7.506%
    Telecommunications Services 2.266%
    Utilities 3.616%
     
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    Sep 13 2023
    Composition of CDX.NA.IG.BBB.41

    Following is the expected composition of the Markit CDX.NA.IG.BBB.41 index that will roll on 20 September, 2023. Please note that this list remains provisional until publication of the final annex for the index.

    Reference Entity Reference Entity
    ALLY FINANCIAL INC. KINDER MORGAN, INC.
    ALTRIA GROUP, INC. KRAFT HEINZ FOODS COMPANY
    AMERICAN ELECTRIC POWER COMPANY, INC. LENNAR CORPORATION
    AMERICAN INTERNATIONAL GROUP, INC. LINCOLN NATIONAL CORPORATION
    AMGEN INC. LOWE'S COMPANIES, INC.
    APACHE CORPORATION M.D.C. HOLDINGS, INC.
    ARROW ELECTRONICS, INC. MARATHON PETROLEUM CORPORATION
    AT&T INC. MARRIOTT INTERNATIONAL, INC.
    AUTOZONE, INC. MCDONALD'S CORPORATION
    AVNET, INC. MCKESSON CORPORATION
    BARRICK GOLD CORPORATION MONDELEZ INTERNATIONAL, INC.
    BAXTER INTERNATIONAL INC. MOTOROLA SOLUTIONS, INC.
    BEST BUY CO., INC. NETFLIX, INC.
    BLOCK FINANCIAL LLC NEWMONT CORPORATION
    BORGWARNER INC. NORFOLK SOUTHERN CORPORATION
    BOSTON SCIENTIFIC CORPORATION NORTHROP GRUMMAN CORPORATION
    CAMPBELL SOUP COMPANY OCCIDENTAL PETROLEUM CORPORATION
    CANADIAN NATURAL RESOURCES LIMITED OMNICOM GROUP INC.
    CARDINAL HEALTH, INC. ORACLE CORPORATION
    CONAGRA BRANDS, INC. OVINTIV INC.
    COX COMMUNICATIONS, INC. PACKAGING CORPORATION OF AMERICA
    CSX CORPORATION PARAMOUNT GLOBAL
    CVS HEALTH CORPORATION PULTEGROUP, INC.
    D.R. HORTON, INC. QUEST DIAGNOSTICS INCORPORATED
    DARDEN RESTAURANTS, INC. RADIAN GROUP INC.
    DELL INC. RTX CORPORATION
    DEVON ENERGY CORPORATION RYDER SYSTEM, INC.
    DOMINION ENERGY, INC. SEMPRA
    DXC TECHNOLOGY COMPANY SOUTHWEST AIRLINES CO.
    EASTMAN CHEMICAL COMPANY TECK RESOURCES LIMITED
    ENBRIDGE INC. THE AES CORPORATION
    ENERGY TRANSFER LP THE ALLSTATE CORPORATION
    EXELON CORPORATION THE BOEING COMPANY
    EXPEDIA GROUP, INC. THE DOW CHEMICAL COMPANY
    FEDEX CORPORATION THE KROGER CO.
    FIRSTENERGY CORP. THE SHERWIN-WILLIAMS COMPANY
    FREEPORT-MCMORAN INC. THE SOUTHERN COMPANY
    GENERAL ELECTRIC COMPANY THE WILLIAMS COMPANIES, INC.
    GENERAL MILLS, INC. T-MOBILE USA, INC.
    GENERAL MOTORS COMPANY TOLL BROTHERS, INC.
    HALLIBURTON COMPANY TRANSCANADA PIPELINES LIMITED
    HCA INC. TYSON FOODS, INC.
    HESS CORPORATION VALERO ENERGY CORPORATION
    HOST HOTELS & RESORTS, L.P. VERIZON COMMUNICATIONS INC.
    HP INC. WEYERHAEUSER COMPANY
    INTERNATIONAL PAPER COMPANY WHIRLPOOL CORPORATION
    JOHNSON CONTROLS INTERNATIONAL PUBLIC LIMITED COMPANY
     
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    Sep 13 2023
    Coupon for Markit CDX.NA.IG Indices

    Following are the coupons for all maturities and sub-indices of the Markit CDX.NA.IG indices that will roll on 20 September, 2023.

    Index Fixed Coupon Rate (bps)
    Markit CDX.NA.IG 100
    Markit CDX.NA.IG.HVOL 100
    CDX.NA.IG.BBB 100
    CDX.NA.IG.CONS 100
    CDX.NA.IG.ENRG 100
    CDX.NA.IG.FIN 100
    CDX.NA.IG.INDU 100
    CDX.NA.IG.TMT 100
     
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    Sep 13 2023
    Reference Obligations for Markit CDX.NA.IG.41

    The reference obligations that will be included in the upcoming Markit CDX.NA.IG.41 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    CDX IG 41 Reference Obligations.pdf
     
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    Sep 13 2023
    Composition of CDX.NA.IG.HVOL.41

    Following is the expected composition of the Markit CDX.NA.IG.HVOL.41 index that will roll on 20 September, 2023. Please note that this list remains provisional until publication of the final annex for the index.

    Reference Entity Reference Entity
    ALLY FINANCIAL INC. HP INC.
    APACHE CORPORATION LENNAR CORPORATION
    AT&T INC. LINCOLN NATIONAL CORPORATION
    AVNET, INC. M.D.C. HOLDINGS, INC.
    BLOCK FINANCIAL LLC METLIFE, INC.
    DELL INC. OCCIDENTAL PETROLEUM CORPORATION
    DEVON ENERGY CORPORATION OVINTIV INC.
    DXC TECHNOLOGY COMPANY PARAMOUNT GLOBAL
    EASTMAN CHEMICAL COMPANY RADIAN GROUP INC.
    EXPEDIA GROUP, INC. RYDER SYSTEM, INC.
    FREEPORT-MCMORAN INC. TECK RESOURCES LIMITED
    GENERAL MOTORS COMPANY THE AES CORPORATION
    HCA INC. TOLL BROTHERS, INC.
    HESS CORPORATION VERIZON COMMUNICATIONS INC.
    HOST HOTELS & RESORTS, L.P. WHIRLPOOL CORPORATION
     
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    Sep 13 2023
    List of Changes for Markit CDX.NA.IG.41 Sector Sub-indices

    Following is the impact of the constituent changes on the sector-based sub-indices of CDX.NA.IG.41 that will roll on 20 September 2023. Please note that this list remains provisional until publication of the final annexes for the indices.

    Sub-index name Removal Addition
    CDX.NA.IG.ENRG.41-V1 TARGA RESOURCES PARTNERS LP APACHE CORPORATION
    CDX.NA.IG.ENRG.41-V1 OCCIDENTAL PETROLEUM CORPORATION
    CDX.NA.IG.FIN.41-V1 MARSH & MCLENNAN COMPANIES, INC.
    CDX.NA.IG.FIN.41-V1 CHUBB LIMITED
    CDX.NA.IG.TMT.41-V1 NETFLIX, INC.
     
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    Sep 13 2023
    Coupon for Markit CDX.EM Indices

    Following are the coupons for all maturities and sub-indices of the Markit CDX.EM indices.

    Index Name Fixed Coupon Rate (bps)
    CDX.EM 100
    CDX.EM.IG 100
    CDX.EM.HY 100
     
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    Sep 13 2023
    Composition of CDX.EM.HY.40

    Following is the expected composition of the Markit CDX.EM.HY.40 index that will roll on 27 September, 2023. Please note that this list remains provisional until publication of the final annex for the index.

    Reference Entity % Weight
    FEDERATIVE REPUBLIC OF BRAZIL 18.50%
    REPUBLIC OF SOUTH AFRICA 18.50%
    REPUBLIC OF TURKEY 18.50%
    REPUBLIC OF COLOMBIA 13.00%
    ARAB REPUBLIC OF EGYPT 4.50%
    SULTANATE OF OMAN 4.50%
    ARGENTINE REPUBLIC 4.50%
    KINGDOM OF BAHRAIN 4.50%
    KINGDOM OF MOROCCO 4.50%
    DOMINICAN REPUBLIC 4.50%
    FEDERAL REPUBLIC OF NIGERIA 4.50%
     
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    Sep 13 2023
    Updated List of Changes for Markit CDX.EM.40

    Following are the updated changes expected for the upcoming Markit CDX.EM.40 index that will roll on 20 September, 2023. Please note that this list remains provisional till publication of the final annex for the index.

    Reference Entity Old Weight New Weight
    PEOPLE'S REPUBLIC OF CHINA 10% 9%
    FEDERATIVE REPUBLIC OF BRAZIL 10% 9%
    REPUBLIC OF SOUTH AFRICA 10% 9%
    REPUBLIC OF TURKEY 10% 9%
    UNITED MEXICAN STATES 10% 9%
    REPUBLIC OF INDONESIA 9% 9%
    REPUBLIC OF CHILE 5% 7%
    REPUBLIC OF COLOMBIA 7% 6%
    KINGDOM OF SAUDI ARABIA 4% 4%
    REPUBLIC OF THE PHILIPPINES 3% 3%
    REPUBLIC OF PERU 3% 3%
    MALAYSIA 3% 3%
    ARAB REPUBLIC OF EGYPT 2% 2%
    REPUBLIC OF PANAMA 2% 2%
    STATE OF QATAR 2% 2%
    ABU DHABI 2% 2%
    SULTANATE OF OMAN 2% 2%
    ARGENTINE REPUBLIC 2% 2%
    KINGDOM OF BAHRAIN 2% 2%
    KINGDOM OF MOROCCO 0% 2%
    DOMINICAN REPUBLIC 2% 2%
    FEDERAL REPUBLIC OF NIGERIA 0% 2%
     
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    Sep 13 2023
    Updated Composition of CDX.EM.IG.40

    Following is the updated expected composition of the Markit CDX.EM.IG.40 index that will roll on 27 September, 2023. Please note that this list remains provisional until publication of the final annex for the index.

    Reference Entity % Weight
    PEOPLE'S REPUBLIC OF CHINA 17.00%
    UNITED MEXICAN STATES 17.00%
    REPUBLIC OF INDONESIA 17.00%
    REPUBLIC OF CHILE 13.00%
    KINGDOM OF SAUDI ARABIA 7.50%
    REPUBLIC OF THE PHILIPPINES 5.50%
    REPUBLIC OF PERU 5.50%
    MALAYSIA 5.50%
    REPUBLIC OF PANAMA 4.00%
    STATE OF QATAR 4.00%
    ABU DHABI 4.00%
     
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