Free Trial

EU Close

CREDIT RESEARCH
  • iTraxx closing -1/-6 tighter, following the afternoon move higher in equities.
  • €IG spreads broadly unchanged over what was a quiet session with low vol, which was also the case in rates. $IG showing a similar picture so far.
  • Secondary impact from primary was limited with SRGIM (1-4 wider) and UNANA (1-3 wider) pricing deals tight to the curve, with eye catching order books.
  • VFC was among the best performers in equity and credit (6-12 tighter). Reuters reports the founders (15% stake) supporting activist investor Engaged Capital’s (1.3% stake) campaign for board changes.
  • US CPI is the main economic data to watch out for tomorrow.
  • Corporate results continue to roll out with a Consumer heavy day tomorrow; JAPTOB, KO, ASABRE all reporting.

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.