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CREDIT UPDATE: € Credit Close

CREDIT UPDATE
  • Bunds were volatile through this afternoon’s US data but close little changed with 2y/10y yields at 2.24/2.27%, -2/+1bp.
  • Stocks close marginally lower with SXXP/SPX -0.3%/-0.3%. €IG equities close -0.2%. Biggest movers include BPER +8%, Raiffeisen +4%, Acciona -5%, TD -6%, Deutsche Pfrandbriefbank -9%.
  • €IG cash closes 0.5bp tighter. CKHGTH was volatile, closing 8bp wider. MTXGR closes 8 wider following recent strength. ALIVFP closes 12 tighter. PBBGR is up to 22bp tighter. CITCON remains under pressure, +12bp; there is an analyst call tomorrow.
  • Primary saw deals from TORNAT and CM.
  • Main/XO close -0.3/-0 at 57.2/310.
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  • Bunds were volatile through this afternoon’s US data but close little changed with 2y/10y yields at 2.24/2.27%, -2/+1bp.
  • Stocks close marginally lower with SXXP/SPX -0.3%/-0.3%. €IG equities close -0.2%. Biggest movers include BPER +8%, Raiffeisen +4%, Acciona -5%, TD -6%, Deutsche Pfrandbriefbank -9%.
  • €IG cash closes 0.5bp tighter. CKHGTH was volatile, closing 8bp wider. MTXGR closes 8 wider following recent strength. ALIVFP closes 12 tighter. PBBGR is up to 22bp tighter. CITCON remains under pressure, +12bp; there is an analyst call tomorrow.
  • Primary saw deals from TORNAT and CM.
  • Main/XO close -0.3/-0 at 57.2/310.