Archive
Daily Archives: 19th June 2018
19th June 2018
- by Suki Mann
It IS a big deal
| MARKET CLOSE: | ||
| iTraxx Main
68.7bp, +0.7bp |
iTraxx X-Over
301.4bp, +2.5bp |
🇩🇪 10 Yr Bund
0.36%, -4bp |
| iBoxx Corp IG
B+126.1bp, +1bp |
iBoxx Corp HY
B+382.8bp, +5.8bp |
🇺🇸 10 Yr US T-Bond
2.89%, -4bp |
| 🇬🇧 FTSE 100 [wp_live_scraper id=”4″], [wp_live_scraper id=”5″] | 🇩🇪 DAX [wp_live_scraper id=”12″], [wp_live_scraper id=”13″] | 🇺🇸 S&P 500 [wp_live_scraper id=”15″], [wp_live_scraper id=”16″] |
Tweetie pie is back…
The investor base in the euro-denominated corporate bond market would have been left massively deflated after Bayer decided to pull the trigger on $15bn of issuance in the US, and only €5bn here. We had the appetite and willingness to take down much more.
Even as most were fretting about an escalation in the US/China trade war, the chemical giant had no problem with getting its 4-tranche offering away. There’s always interest (over €22bn worth of it) for a good name (defensive and solid in this case), where the price is attractive for the quality on offer. The heightening Washington/Beijing tensions was a side issue for this well-flagged deal.
