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  • Global bond yields opened higher following a hawkish UK CPI print. DBRs close 4bp higher while USTs recovered to +1bp.
  • US stocks followed a similar pattern, recovering initial weakness with S&P / SXXP left -0% / -0.4%. Within the €IG issuer stock basket, Energy was the only real mover (-1.5%) with crude continuing its downtrend.
  • €IG cash is closing slightly tighter again, by 0-1bp on average. AMT 3-5 wider on supply with no real standouts on the tighter side.
  • CDS tracked the risk on move strongly with Main / XO closing -1.9 / -10.
  • Heavy primary day with Sagax, Redexis, Molson Coors, Fidelidade, Aker Bp, Swedbank, Amcor, American Tower, Swisscom all active in €IG.
  • CDS indices moved a little wider on macro sentiment with Main / XO +0.2 / +1.
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  • Global bond yields opened higher following a hawkish UK CPI print. DBRs close 4bp higher while USTs recovered to +1bp.
  • US stocks followed a similar pattern, recovering initial weakness with S&P / SXXP left -0% / -0.4%. Within the €IG issuer stock basket, Energy was the only real mover (-1.5%) with crude continuing its downtrend.
  • €IG cash is closing slightly tighter again, by 0-1bp on average. AMT 3-5 wider on supply with no real standouts on the tighter side.
  • CDS tracked the risk on move strongly with Main / XO closing -1.9 / -10.
  • Heavy primary day with Sagax, Redexis, Molson Coors, Fidelidade, Aker Bp, Swedbank, Amcor, American Tower, Swisscom all active in €IG.
  • CDS indices moved a little wider on macro sentiment with Main / XO +0.2 / +1.