December 20, 2024 16:34 GMT
CREDIT UPDATE: € Credit Close
CREDIT UPDATE
- Bunds are closing 2-3bp tighter with 2y/10y yields at 2.02%/2.28%. Intraday low yields post PCE didn’t hold.
- €IG closes +0.3bp on average. No major movers to highlight.
- SXXP/SPX are -0.8%/+1.2% at 503pts/5935pts. €IG's biggest movers include Eli Lilly & Co (+5%), Novo Nordisk A/S (-21%), Wesfarmers Ltd (-5%).
- Main/XO close -0.2/-1 at 56.6bp/310bp.
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