MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Close

CREDIT UPDATE
  • €IG is continuing this week's trend of mixed moves & will likely leave the index again net <1bp. Weakness in Raiffeisen 30-33's (+7-10bps) - headlines this morning was it's still working on the Strabag deal and a update would come latest by AGM/April 4th - our take was positive. Heimstaden also continuing its reversal wider; +2-6bps today. Weakness outside that was broad based & skewed to financials.
  • Only notable move tighter was from Aroundtown on earnings - 26's ending 10bps tighter but still trading well wide. Consumer curves were generally skewed tighter - may have been a sentiment boost from H&M {HMB SS Equity +15%} earnings - its 29's/31's unch on it despite screening cheap.
  • €IG basket ended a stronger +0.6% (SXXP +0.1%), RE +1.5% dragged up by Aroundtown {AT1 GY Equity +16%}. iTraxx closed -0.6/-3 tighter, belly bunds end -6bps lower. Spanish preliminary March HICP came in slightly softer than expected at +3.2%Y/Y (vs +3.3% cons and +2.9% prior).
  • $IG prints are unch to wider into their afternoon, equities+0.4% while CDX IG is a strong -1.4bps tighter.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

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.