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CREDIT UPDATE: € Credit Midday

CREDIT UPDATE
  • 2y/10y bunds are +3/+3bp at 2.70/2.29% following BTP supply.
  • €IG credit is around 1bp tighter so far. CITCON (-13) is the main mover with the analyst call painting its recent profit warning in a better light. Fallen Angel ELOFR is weak again, up to 2.5pts lower.
  • Stocks are little changed with SXXP/SPX +0.1%/-0%. €IG movers include SES (-5%), Siemens Energy (+4%).
  • CDS is marginally wider with Main/XO at 57.2/310, +0.3/+2bp.
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  • 2y/10y bunds are +3/+3bp at 2.70/2.29% following BTP supply.
  • €IG credit is around 1bp tighter so far. CITCON (-13) is the main mover with the analyst call painting its recent profit warning in a better light. Fallen Angel ELOFR is weak again, up to 2.5pts lower.
  • Stocks are little changed with SXXP/SPX +0.1%/-0%. €IG movers include SES (-5%), Siemens Energy (+4%).
  • CDS is marginally wider with Main/XO at 57.2/310, +0.3/+2bp.