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EUR Market Wrap

CREDIT UPDATE


  • 2y/10y bunds are +1bp/-1bp – DM team flagged a tight range with few notable data releases scheduled and generally light headline flow. US labour market data remains the primary focus across global markets this week.
  • Main/XO are +0.4bp/+2bp at 52.9bp/290bp while €IG/€HY look flat. EUR primary busy with deals tilted towards Fins. €IG index curve movers include WBD (27s +5bp), BALDER (2-4bps tighter), ARNDTN (0-3bps tighter), OTP Bank (0-3bp tighter).
  • SXXP is -0.3% while SPX futures are -0.5%. €IG movers include IMCD +5%, KBC -3%, Altarea -3%.

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