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Daily Archives: 11th June 2018

11th June 2018

History in the making

MARKET CLOSE:
iTraxx Main

71.2bp, -3.4bp

iTraxx X-Over

301.6bp, -12.6bp

🇩🇪 10 Yr Bund

0.50%, +5bp

iBoxx Corp IG

B+128.4bp, -0.8bp

iBoxx Corp HY

B+379.5bp, -5bp

🇺🇸 10 Yr US T-Bond

2.96%, +2bp

🇬🇧 FTSE 100

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🇩🇪 DAX

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🇺🇸 S&P 500

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Heavyweight mavericks meet…

If we are ticking boxes for this week, then we’re off to a flyer ✅. The Italian new finance minister went a long way in assuaging any market fears of an Italian ruckus with the EU. And President Trump’s pre-summit tweets are as upbeat as they can be with the North Koreans replying in kind.

There’s a love-in all round. Trudeau isn’t quite the flavour of the month, though, but that spat is not going to necessarily derail the markets. So the opening skirmishes of the week are good, but testing situations are ahead of us with the Fed, ECB, BOJ and more on the Brexit front all to come.

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