Free Trial

Verizon Fair Value

CREDIT SUPPLY


  • We had seen FV on the Verizon 8y and 12y at around MS+100bps and MS+115bps so don’t see much scope for further tightening. Noting low cash prices on the Verizon curve.
  • Books slightly tilted towards the 12y (EUR 4.5bn) vs. the 8Y (EUR) 4.2bn.
  • Verizon EUR spreads twist-steepening with the tendered lines 14-19bps tighter while the rest of the curve is mostly 3-4bps wider.

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.