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Credit Open

CREDIT MACRO
  • 2y/10y bunds little changed this morning at less than 1bp tighter with trading in a narrow range.
  • Main/XO opening +0.65/+3.7, marginally wider after a strong week for credit. Cash quoted unchanged so far.
  • Stocks hovering marginally lower with VGA -0.27%. Our DM markets team note the initial Chinese equity uptick was a little more subdued than many expected post LNY.
  • Little ECO data of note to come today, with a holiday for President’s Day in the US.

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