Free Trial

CREDIT UPDATE: € Market Wrap

CREDIT UPDATE
  • DBRs are little changed with some marginal steepening. US GDP came in line with lower prices paid taking USTS-3bp.
  • Main/XO are flat at 61.9bp/323bp while €IG cash is broadly flat. RBOSGR (-1 to -4) is recovering some of yesterday’s widening. HMBSS is 3-5 wider following earnings.
  • Primary is quiet, with REESM and NIBC AT1 in the market; HY is busier with CMA CGM and Softbank.
  • SXXP is -0.3% while SPX futures are flat. Notable €IG movers include H&M -11%, GSK -5%, DS Smith +11%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.