Indices
News & Information
    2019
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    Aug 14 2019
    Announcement of CDX.EM Rule Changes

    IHS Markit will implement changes to the CDX Emerging Markets Index rules, to be applied starting with CDX Emerging Markets Series 32 in September 2019.

    The key changes include the following:

    1) The index to be composed of eighteen (18) sovereign reference entities, increased from fifteen (15) previously.
    2) A reference entity will remain in the Index as long as its CDS volumes place it within the top 20 names in the list of Eligible Reference Entities, decreased from 25 previously.
    3) Constituent weights to be subject to a minimum weight of 2%.
    4) Constituent weights to be subject to a maximum weight of 12%.

    For more information please email cdxadvisory@ihsmarkit.com.
     
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    Aug 06 2019
    Announcement of CDX.EM Rule Changes

    IHS Markit will implement changes to the CDX Emerging Markets Index rules, to be applied starting with CDX Emerging Markets Series 32 in September 2019.
    The key changes include the following:

    1) The index to be composed of eighteen (18) sovereign reference entities, increased from fifteen (15) previously.
    2) A reference entity will remain in the Index as long as its CDS volumes place it within the top 20 names in the list of Eligible Reference Entities, decreased from 25 previously.

    IHS Markit is currently consulting with the CDX EM Index Advisory Committee members regarding potential changes to the entity weighting process.

    For more information please email cdxadvisory@ihsmarkit.com.
     
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    Jul 29 2019
    Markit CDX IG Financials Update

    IHS Markit has determined not to include Swap Dealers with liquid CDS traded on them within CDX IG or as constituents in a separately traded CDX Financials Index for the September 2019 Roll. Several CDX IG Index Advisory Committee Members advised not to make the potential change for the upcoming roll, citing the need to establish the cost impact of inclusion. IHS Markit will continue to consult with the CDX IG Index Advisory Committee to assess whether this change should be targeted for the March 2020 Roll.

    For more information please email cdxadvisory@ihsmarkit.com.
     
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    Jul 08 2019
    New versions of Markit Indices issued due to Credit Event on Weatherford International Ltd.

    Following the confirmation of a Bankruptcy credit event for Weatherford International Ltd. by the ISDA Determinations Committee, new versions of all affected Markit CDX indices have been issued with an annex date of 5th July 2019. Below are the new indices along with their corresponding RED Index Code:

    Index Name Index RED Code
    CDX.NA.HY.26-V7 2I65BRRU6
    CDX.NA.HY.27-V7 2I65BRRV4
    CDX.NA.HY.28-V6 2I65BRRX0
    CDX.NA.HY.29-V5 2I65BRRY8
    CDX.NA.HY.30-V5 2I65BRRW2
    CDX.NA.HY.31-V5 2I65BRSA9
    CDX.NA.HY.32-V2 2I65BRRZ5
    CDX.NA.HY.B.27-V5 2I65BSEW4
    CDX.NA.HY.B.29-V4 2I65BSEX2
    CDX.NA.HY.B.30-V3 2I65BSEY0
    CDX.NA.HY.B.31-V2 2I65BSEZ7
    CDX.NA.HY.BB.26-V2 2I65BVCY5
    CDX.NA.IG.21-V2 2I65BYDQ5
    CDX.NA.IG.22-V2 2I65BYDR3
    CDX.NA.IG.23-V2 2I65BYDS1
    CDX.NA.IG.24-V2 2I65BYDT9
    CDX.NA.IG.25-V2 2I65BYDU6
    CDX.NA.IG.ENRG.21-V2 2I65B1BJ5
    CDX.NA.IG.ENRG.22-V2 2I65B1BI7
    CDX.NA.IG.ENRG.23-V2 2I65B1BL0
    CDX.NA.IG.ENRG.24-V2 2I65B1BK2
    CDX.NA.IG.ENRG.25-V2 2I65B1BM8
    CDX.NA.IG.HVOL.21-V2 2I65B3CJ0
    CDX.NA.IG.HVOL.22-V2 2I65B3CN1
    CDX.NA.IG.HVOL.23-V2 2I65B3CM3
    CDX.NA.IG.HVOL.24-V2 2I65B3CL5
    CDX.NA.IG.HVOL.25-V2 2I65B3CK7
     
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    Jul 03 2019
    Markit CDX IG Financials Consultation

    IHS Markit is currently consulting with CDX IG Index Advisory Committee members regarding the potential inclusion of Swap Dealers with liquid CDS traded on them within CDX IG or as constituents in a separately traded CDX Financials Index.

    Market participants are invited to provide feedback by emailing cdxadvisory@ihsmarkit.com, the feedback window is scheduled to complete by end of July following which IHS Markit will publish a further announcement.
     
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    Mar 28 2019
    Coupon Finalized for MCDX.NA.32

    The coupon for Markit MCDX.NA.32 will remain at 100 bps.
     
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    Mar 26 2019
    Reference Obligations for Markit MCDX Series 32 Version 1

    The reference obligations that will be included in the upcoming Markit MCDX Series 32 Version 1 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    Markit MCDX 32 Reference Obligations.pdf
     
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    Mar 20 2019
    List of Constituents for Sub-indices of Markit CDX.NA.HY

    Following is the expected composition of the Markit CDX.NA.HY.B.32 and Markit CDX.NA.HY.BB.32 sub-indices. Please note that these lists remain provisional till publication of the final annexes for the indices.

    Markit CDX.NA.HY.B.32 Markit CDX.NA.HY.BB.32
    ADVANCED MICRO DEVICES, INC. ALLY FINANCIAL INC.
    AK STEEL CORPORATION AMERICAN AIRLINES GROUP INC.
    AVON PRODUCTS, INC. AMERICAN AXLE & MANUFACTURING, INC.
    BAUSCH HEALTH COMPANIES INC. AMKOR TECHNOLOGY, INC.
    BEAZER HOMES USA, INC. ARAMARK SERVICES, INC.
    BOMBARDIER INC. ARCONIC INC.
    BOYD GAMING CORPORATION ASHLAND LLC
    CALPINE CORPORATION AVIS BUDGET GROUP, INC.
    CHESAPEAKE ENERGY CORPORATION BALL CORPORATION
    CSC HOLDINGS, LLC CCO HOLDINGS, LLC
    DEAN FOODS COMPANY CENTURYLINK, INC.
    DIAMOND OFFSHORE DRILLING, INC. CIT GROUP INC.
    DISH DBS CORPORATION DAVITA INC.
    FRONTIER COMMUNICATIONS CORPORATION DELL INC.
    GENWORTH HOLDINGS, INC. EQUINIX, INC.
    J. C. PENNEY COMPANY, INC. FIRST DATA CORPORATION
    NEW ALBERTSONS L.P. FREEPORT-MCMORAN INC.
    R.R. DONNELLEY & SONS COMPANY HCA INC.
    RITE AID CORPORATION HD SUPPLY, INC.
    SAFEWAY INC. IRON MOUNTAIN INCORPORATED
    SPRINT COMMUNICATIONS, INC. ISTAR INC.
    STAPLES, INC. KB HOME
    TALEN ENERGY SUPPLY, LLC L BRANDS, INC.
    TENET HEALTHCARE CORPORATION LENNAR CORPORATION
    TESLA, INC. LIBERTY INTERACTIVE LLC
    THE HERTZ CORPORATION M.D.C. HOLDINGS, INC.
    TRANSDIGM INC. MBIA INC.
    TRANSOCEAN INC. MERITOR, INC.
    UNISYS CORPORATION MGIC INVESTMENT CORPORATION
    UNITED STATES STEEL CORPORATION MGM RESORTS INTERNATIONAL
    UNIVISION COMMUNICATIONS INC. MURPHY OIL CORPORATION
    WHITING PETROLEUM CORPORATION NABORS INDUSTRIES, INC.
    NAVIENT CORPORATION
    NOVA CHEMICALS CORPORATION
    NRG ENERGY, INC.
    OLIN CORPORATION
    PITNEY BOWES INC.
    POLYONE CORPORATION
    PULTEGROUP, INC.
    RADIAN GROUP INC.
    REALOGY GROUP LLC
    SABRE HOLDINGS CORPORATION
    SANMINA CORPORATION
    SEALED AIR CORPORATION
    SPRINGLEAF FINANCE CORPORATION
    TARGA RESOURCES PARTNERS LP
    TEGNA INC.
    TEVA PHARMACEUTICAL INDUSTRIES LIMITED
    THE ADT SECURITY CORPORATION
    THE AES CORPORATION
    THE GAP, INC.
    THE GOODYEAR TIRE & RUBBER COMPANY
    T-MOBILE USA, INC.
    TOLL BROTHERS, INC.
    UNITED CONTINENTAL HOLDINGS, INC.
    UNITED RENTALS (NORTH AMERICA), INC.
    UNIVERSAL HEALTH SERVICES, INC.
    VISTRA ENERGY CORP.
    XEROX CORPORATION
    YUM! BRANDS, INC.
     
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    Mar 20 2019
    Coupons for Markit CDX.HY Indices

    Following are the coupons for all maturities and sub-indices of the Markit CDX.NA.HY indices that will roll on 27 March, 2019.

    Index Fixed Coupon Rate (bps)
    Markit CDX.NA.HY.32 500
    Markit CDX.NA.HY.B.32 500
    Markit CDX.NA.HY.BB.32 500
     
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    Mar 19 2019
    Markit CDX HY 32 Reference Obligations

    The reference obligations that will be included in the upcoming Markit CDX.NA.HY.32 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    Markit CDX HY 32 Reference Obligations.pdf
     
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    Mar 19 2019
    Updated provisional membership of MCDX Series 32

    Following are the provisional names expected for the upcoming MCDX Series 32 index that will roll on 03 April 2019.

    Obligor Name Reference Entity
    AMERICAN MUNICIPAL POWER INC AMERICAN MUNICIPAL POWER, INC.
    CHICAGO BOARD OF EDUCATION THE BOARD OF EDUCATION OF THE CITY OF CHICAGO
    CITY OF CHICAGO CITY OF CHICAGO
    DELTA AIR LINES INC NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION
    KENTUCKY STATE PROPERTY & BUILDING COMMISSION COMMONWEALTH OF KENTUCKY STATE PROPERTY AND BUILDINGS COMMISSION
    LAGUARDIA GATEWAY PARTNERS LLC NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION
    LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
    LONG ISLAND POWER AUTHORITY LONG ISLAND POWER AUTHORITY
    METROHEALTH SYSTEM/THE COUNTY OF CUYAHOGA, OHIO
    METROPOLITAN PIER AND EXPOSITION AUTHORITY METROPOLITAN PIER AND EXPOSITION AUTHORITY
    METROPOLITAN TRANSPORTATION AUTHORITY METROPOLITAN TRANSPORTATION AUTHORITY
    MICHIGAN FINANCE AUTHORITY MICHIGAN FINANCE AUTHORITY
    MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA
    NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
    NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY THE NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY
    NEW YORK STATE DORMITORY AUTHORITY DORMITORY AUTHORITY STATE OF NEW YORK
    SOUTH CAROLINA PUBLIC SERVICE AUTHORITY SOUTH CAROLINA PUBLIC SERVICE AUTHORITY
    STATE OF CONNECTICUT STATE OF CONNECTICUT
    STATE OF ILLINOIS STATE OF ILLINOIS
    TOBACCO SETTLEMENT FINANCING CORPORATION (NJ) TOBACCO SETTLEMENT FINANCING CORPORATION

    Three names were added to the provisional list following the second round of polling of the MCDX Index Advisory Committee Members.

    Obligor Name Reference Entity
    MICHIGAN FINANCE AUTHORITY MICHIGAN FINANCE AUTHORITY
    MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA
    NEW YORK STATE DORMITORY AUTHORITY DORMITORY AUTHORITY STATE OF NEW YORK

    Please note that this list remains provisional till publication of the final annex for the index.
     
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    Mar 15 2019
    List of Changes for Markit CDX.NA.HY.32

    Following are the changes expected for the upcoming Markit CDX.NA.HY.32 index that will roll on 27 March 2019. Please note that this list remains provisional until publication of the final annex for the index.

    Removals Additions
    PARKER DRILLING COMPANY XEROX CORPORATION
    SEARS ROEBUCK ACCEPTANCE CORP. THE GOODYEAR TIRE & RUBBER COMPANY
    WINDSTREAM SERVICES, LLC MERITOR, INC.
    TECK RESOURCES LIMITED DEAN FOODS COMPANY
    HUNTSMAN INTERNATIONAL LLC IRON MOUNTAIN INCORPORATED
    SUPERVALU INC. TEVA PHARMACEUTICAL INDUSTRIES LIMITED
    ENERGY TRANSFER LP REALOGY GROUP LLC
     
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    Mar 15 2019
    Announcement of CDX High Yield Rule Changes

    IHS Markit will implement changes to the CDX High Yield Index rules, to be applied starting with CDX High Yield Series 32 in March 2019. The changes aim to prioritize entities with higher CDS volumes while still limiting the basis to the cash market. The updates to the rules also aim to lower churn within the index.

    The new methodology is available below.
    Markit CDX HY and IG Rules Mar2019.pdf
     
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    Mar 14 2019
    List of Changes for Markit CDX.NA.IG.32 Sector Sub-indices

    Following is the impact of the constituent changes on the sector-based sub-indices of CDX.NA.IG.32 that will roll on 20 March 2019. 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 TECK RESOURCES LIMITED
    CDX.NA.IG.FIN AETNA INC.
    CDX.NA.IG.TMT XEROX CORPORATION CISCO SYSTEMS, INC.
     
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    Mar 14 2019
    Coupon for Markit CDX.EM.31

    The fixed coupon for all maturities on the upcoming Markit CDX.EM.31 index is 100 bps.
     
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    Mar 14 2019
    Composition of CDX.NA.IG.HVOL.32

    Following is the expected composition of the Markit CDX.NA.IG.HVOL.32 index that will roll on 20 March, 2019. Please note that this list remains provisional until publication of the final annex for the index.

    Reference Entity Reference Entity
    AMERICAN INTERNATIONAL GROUP, INC. GENERAL ELECTRIC COMPANY
    ANADARKO PETROLEUM CORPORATION GENERAL MOTORS COMPANY
    APACHE CORPORATION HESS CORPORATION
    AT&T INC. INTERNATIONAL LEASE FINANCE CORPORATION
    BEST BUY CO., INC. KOHL'S CORPORATION
    BLOCK FINANCIAL LLC LINCOLN NATIONAL CORPORATION
    CAMPBELL SOUP COMPANY MACY'S, INC.
    CANADIAN NATURAL RESOURCES LIMITED NEWELL BRANDS INC.
    CARDINAL HEALTH, INC. NORDSTROM, INC.
    CONAGRA BRANDS, INC. ROYAL CARIBBEAN CRUISES LTD.
    DEVON ENERGY CORPORATION RYDER SYSTEM, INC.
    DOMTAR CORPORATION TECK RESOURCES LIMITED
    DXC TECHNOLOGY COMPANY THE SHERWIN-WILLIAMS COMPANY
    ENCANA CORPORATION VIACOM INC.
    FORD MOTOR COMPANY WHIRLPOOL CORPORATION
     
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    Mar 14 2019
    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 March, 2019.
    Index Fixed Coupon Rate (bps)
    Markit CDX.NA.IG 100
    Markit CDX.NA.IG.HVOL 100
     
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    Mar 12 2019
    Reference Obligations for Markit CDX.NA.IG.32

    The reference obligations that will be included in the upcoming Markit CDX.NA.IG.32 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    Markit CDX NA IG 32 Reference Obligations.pdf
     
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    Mar 12 2019
    Reference Obligations for Markit CDX.EM.31

    The reference obligations that will be included in the upcoming Markit CDX.EM.31 index are available below. Please note that this list remains provisional until publication of the final annex for the index.
    Markit CDX EM 31 Reference Obligations.pdf
     
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    Mar 11 2019
    Provisional membership of MCDX Series 32

    Following are the provisional names expected for the upcoming MCDX Series 32 index that will roll on 03 April, 2019. Seventeen names were selected following the first round of polling by the MCDX Index Advisory Committee Members. Another round of polling will occur to determine the final three names selected for inclusion. Please note that this list remains provisional till publication of the final annex for the index.

    Obligor Name Reference Entity
    AMERICAN MUNICIPAL POWER INC AMERICAN MUNICIPAL POWER, INC.
    CHICAGO BOARD OF EDUCATION THE BOARD OF EDUCATION OF THE CITY OF CHICAGO
    CITY OF CHICAGO CITY OF CHICAGO
    DELTA AIR LINES INC NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION
    KENTUCKY STATE PROPERTY & BUILDING COMMISSION COMMONWEALTH OF KENTUCKY STATE PROPERTY AND BUILDINGS COMMISSION
    LAGUARDIA GATEWAY PARTNERS LLC NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION
    LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
    LONG ISLAND POWER AUTHORITY LONG ISLAND POWER AUTHORITY
    METROHEALTH SYSTEM/THE COUNTY OF CUYAHOGA, OHIO
    METROPOLITAN PIER AND EXPOSITION AUTHORITY METROPOLITAN PIER AND EXPOSITION AUTHORITY
    METROPOLITAN TRANSPORTATION AUTHORITY METROPOLITAN TRANSPORTATION AUTHORITY
    NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
    NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY THE NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY
    SOUTH CAROLINA PUBLIC SERVICE AUTHORITY SOUTH CAROLINA PUBLIC SERVICE AUTHORITY
    STATE OF CONNECTICUT STATE OF CONNECTICUT
    STATE OF ILLINOIS STATE OF ILLINOIS
    TOBACCO SETTLEMENT FINANCING CORPORATION (NJ) TOBACCO SETTLEMENT FINANCING CORPORATION
     
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