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CREDIT UPDATE: € Credit Close

CREDIT UPDATE
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  • 2y/10y bunds are +3bp/+5bp at 2.06%/2.13%. Supply from France and Spain weighed a little in the morning while post ISM weakness failed to hold.
  • SXXP/SPX are -1.0%/-0.4%. €IG equities close -0.9%. Biggest movers include Stora Enso Oyj (+4%), H Lundbeck A/S (+4%), Phoenix Group Holdings PLC (-6%), Bouygues SA (-5%), Sartorius AG (-4%), Orange SA (-4%).
  • €IG cash closes shy of 2bp tighter. VIVFP and SKFBB continue to tighten on par event stories.
  • Main/XO are closing +0.5/+4 at 60/319. 
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  • 2y/10y bunds are +3bp/+5bp at 2.06%/2.13%. Supply from France and Spain weighed a little in the morning while post ISM weakness failed to hold.
  • SXXP/SPX are -1.0%/-0.4%. €IG equities close -0.9%. Biggest movers include Stora Enso Oyj (+4%), H Lundbeck A/S (+4%), Phoenix Group Holdings PLC (-6%), Bouygues SA (-5%), Sartorius AG (-4%), Orange SA (-4%).
  • €IG cash closes shy of 2bp tighter. VIVFP and SKFBB continue to tighten on par event stories.
  • Main/XO are closing +0.5/+4 at 60/319.