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CONSUMER CYCLICALS

BVAL mid's snapped at 3pm Friday for bonds while Thursday close level for indices. Change since last Friday, all quoted in spreads vs. swaps ex. sterling bonds in spread over UKTs. Additions marked as **

Indices:

  • €IG (+2) to +82.4
  • £IG (-1.4) to UKT+126.4
  • €BBB (+2) to +111
  • €BB (-7) to +183
0-3y
  • WBA (£) 25s (+1) at UKT+138
  • ISS Global 26s (-1) at Z+58
3-5y
  • IDS 28s (+1) at Z+153
  • Pluxee 28s (+5) at Z+84
  • Woolworths 28s (+4) at Z+92
  • Coty 28s (-33) at OAS+85 (eff. duration 1.8Y)
  • Finnair 29s (-5) at Z+225
  • Elo/Auchan new 5.875% 28s (+6) at Z+325
  • PVH 29s (+3) at Z+132
  • Barry Callebaut 29s (+1) at Z+104
5y+
  • **Haleon 30s (-4) at Z +83
  • PostNL 31s (+2) at Z+180
  • Tesco 31s (+1) at Z+102
  • BAT 32s (+4) at Z+158
  • Tesco (£) 34s (unch) at UKT+133

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