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CREDIT UPDATE
  • Belly rates end +3 despite weaker than expected morning print on Eurozone Industrial production in Jan. €IG equities ended +0.3% dragged on by VW (-4%) & McDonald's (-3.6%) - both moves contained to equities.
  • Another strong session in credit; spreads are pointing to 2-3bp move tighter, financials leading (again).
  • Relatively busier day for corporate supply but it is still within €20b/expectations for this week. Similar story in $IG primary -spreads there also firmly tighter.
  • Single name notes from today; ACFP ADSGR AGSBB AIA ALOFP BATSLN BAYNGR BKNG BNP DLGLN DT ELOFR EOANGR ERGIM ERRFP EZJLN FRFP HOTGR LLOYDS MCD MTB MTROLN NESTLE RELLN SDZSW SLHNVX STLA VMUKLN UCBBB VCPLN VW

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