January 24, 2025 09:08 GMT
CONSUMER CYCLICALS: Burberry; 3Q (3m to Dec) results (x3)
CONSUMER CYCLICALS
(Baa3 Neg/NR) (Equities +15%)
We are still skewed to see some value on £June-30s that are holding +0.6pts/-12bps tighter at 5.92%/Z+193 (Z+177 swapped into €s).
Earnings call has begun; https://mni.marketnews.com/3PQ7fdg
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