October 11, 2024 12:37 GMT
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.
67 words