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CONSUMER CYCLICALS: Burberry; Moncler rumours shut-down by Reuters (x3)

CONSUMER CYCLICALS

(Baa2 Neg/NR) -4%

Weak open for equities but £30s are holding onto -17bps of tightening. Please check with desks on the why, but we did hear of small buying yesterday (pre-Reuters). It leaves us +40 from pre-Q1 levels but -60 from Sept. wides.

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(Baa2 Neg/NR) -4%

Weak open for equities but £30s are holding onto -17bps of tightening. Please check with desks on the why, but we did hear of small buying yesterday (pre-Reuters). It leaves us +40 from pre-Q1 levels but -60 from Sept. wides.

Keep reading...Show less