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Rolls-Royce (Ba1/BBB-/BBB-): Drifting Wider

CAPITAL GOODS
  • ROLLS bonds have drifted wider this week with 28s ~10bp wider.
  • The curve looks quite flat, with the ROLLS 3.375 26s screening at the wide end of the low BBB industrials universe.
  • ROLLS liquidity is strong with 2024/2025 bonds forecast to be paid down from cash.

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  • ROLLS bonds have drifted wider this week with 28s ~10bp wider.
  • The curve looks quite flat, with the ROLLS 3.375 26s screening at the wide end of the low BBB industrials universe.
  • ROLLS liquidity is strong with 2024/2025 bonds forecast to be paid down from cash.