In this week's Chart of the Week, Alex highlights the five-year Credit Default Swap (CDS) spread for Oracle Corp versus the equivalent cost of insurance for an equally weighted basket of the 125 most liquid US investment grade issuers, the 5yr CDX IG index.

In this week's Chart of the Week, Slawomir Soroczynski illustrates the Federal Funds Rate and the Secured Overnight Financing Rate (SOFR). Fundamentally, SOFR should typically trade below the Federal Funds Rate, as it represents a lower credit risk. However, 2025 readings show a concerning divergence.