December 19, 2024 09:10 GMT
CREDIT UPDATE: Hybrid Movers:
CREDIT UPDATE
- Rakuten equity down -8% but perps largely unchange
- BRITEL 4.875 Call31 $ down -65
- BRITEL 4.25 Call26 € down -34
- Vod and Telefo also down 20-30
- VW down 20-35c along the curve
- BAYNGR 6.625 Call28 down -45c underperforming longer dated BAYNGR 7% Call31 -36
- ORSTED 2.5 Call33 -31c
- Rest of market is 10-25c lower. With 10yr Bunds -55c; 5yr Bobl -27c
Source: Bloomberg for pricing
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