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CREDIT UPDATE: VW Perps (VW Hyb: Baa2/BBB-/BBB): Senior weaker today

CREDIT UPDATE
  • VW senior curve is 4-6bps wider today
  • Perps are holding in OK today but worth looking at the move in the past 5 weeks
  • Sub_Sen has moved around +50-55 bps wider for the 5-7yr part of the curve since early August.
  • See chart (Source MNI, Bloomberg)
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  • VW senior curve is 4-6bps wider today
  • Perps are holding in OK today but worth looking at the move in the past 5 weeks
  • Sub_Sen has moved around +50-55 bps wider for the 5-7yr part of the curve since early August.
  • See chart (Source MNI, Bloomberg)