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

Investec Results 23-May; Spreads Have Rallied Hard

FINANCIALS

Investec (INVES: A1BBB+) reports results on 23-May which have a good tailwind behind them but spreads have rallied hard already.


  • The recent rally in ZAR, along with precious metals prices have underpinned South African economics. The political situation there also appears more stable plus the business’s trading statement (20-Mar) was solid with some hints at upgrades with these figures.
  • INVES spreads are 141bp tigher YTD, and 3bp in the last month (€IG banks -48bp and -18bp, respectively) whereas the equity is barely moved YTD (broadly tracking the FTSE All-Share).
  • The bank issued an AT1 (22-Feb) which has also tightened over 100bp since issue.

Results are due at 0700 (London time) with conf call at 0900 at https://www.investec.com/en_gb/welcome-to-investec/about-us/investor-relations.html

Credit BulletsHomepagemarkets-real-timeCreditBank Of England (BOE) Market NewsBulletUK
Credit BulletsHomepagemarkets-real-timeCreditBank Of England (BOE) Market NewsBulletUK

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.