EM CEEMEA CREDIT: MNI EM Credit Market Wrap - CEEMEA Dec20
MNI EM Credit Market Wrap - CEEMEA Dec20
Measure Level Δ DoD
5yr UST 4.3% -7.5bp
10yr UST 4.5% -5.4bp
5s-10s UST 15.8 +2.1bp
CDX EM 97.0 -0.1bp
CDX EM IG 100.8 -0.1bp
CDX EM HY 93.0 -0.1bp
WTI Crude 69.9 -0.7
Gold 2614 +20.1
USDZAR 18.37 -0.02
USDTRY 35.19 +0.10
EURHUF 413.8 -0.80
EURPLN 4.26 +0.01
EURCZK 25.12 -0.02
Main stories recap:
CEE
MVMHU - gas and renewable projects talks with SOIAZ
POLAND - Nov. retail sales @+3.4% YoY, beats est. @ +1.9%
REPHUN - Oct. avg gross wages @+12.9% YoY, est. @+12.4%
POLAND - new Druzhba oil schedule to be agreed on Monday
CIS
UNGUZB - natural gas production -4.7% YoY Jan-Nov
UZBEK - 'President Mirziyoyev sees economy expanding 6.3% in 2024
GCC
MASDAR - completion of Saeta Yield acquisition
ABDPOC - upsize of RCF
Africa
SOAF - blueprint for rail network usage
PDLLN - Tender 3 revenues @ USD71mn
Top/Bottom Performers recap:
ISRAEL 28s 25bp wider, UKRAIN curve 7-10bp tighter