February 21, 2025 16:39 GMT
EM CEEMEA CREDIT: MNI EM Credit Market Wrap - CEEMEA (21 Feb)
EM CEEMEA CREDIT
MNI EM Credit Market Wrap - CEEMEA (21 Feb) |
Weak consumer sentiment and new homes data resulted in the US 10Y declining post the economic releases and ending -5bp at 4.45% and the 5s/10 -1bp at 15.18. Primary was quiet today following a busy week. The pipeline remains heathy and we expect more issuers to come to the market next week.
- Secondary was dominated UKRAIN again, this time bonds tightening across the curve. NGERIA bonds were also marginally tighter on the day. Other sovereigns were slightly wider, on a general risk off day. In corporate news, MOL reported FY24 results which were lack lustre and the bonds unch. Sibanye also reported FY24 earnings, with strong momentum in gold price helping to offset the weakness in PGM.

Keep reading...Show less
126 words