Market Snapshot
The LatAm Aggregate Index widened by 6 bps to 293 bps in the week ending Friday, July 18, 2025, and is now trading 21 bps below its 3-month average of 314 bps. The broader Emerging Market Index held relatively steady at 179 bps, reflecting a 19 bps contraction from its 3-month average of 197 bps. Meanwhile, the U.S. Aggregate Index tightened by 2 bps to 112 bps, 14 bps below its 3-month average of 126 bps. Notably, the EM CCC Index widened by 26 bps and is now 46 bps below its 3-month average of 726 bps, while the U.S. CCC Index rose 13 bps to 658 bps, 35 bps tighter than its 3-month average of 693 bps.
