Archive
Daily Archives: 1st July 2018
Daily Archives: 1st July 2018
MARKET CLOSE: | ||
iTraxx Main
73.3bp, -2.5bp |
iTraxx X-Over
319bp, -10bp |
🇩🇪 10 Yr Bund
0.30%, -1bp |
iBoxx Corp IG
B+136.5bp, unchanged |
iBoxx Corp HY
B+417.6bp, -0.5bp |
🇺🇸 10 Yr US T-Bond
2.86%, +2bp |
🇬🇧 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″] |
At least we closed the month with the markets on the up, but it was a scatty June, fraught with much event risk. So we’re only going to be thinking in terms of it being a relief rally that ended the final session of the first half of 2018. Performance is what most will look to first.
Equities managed to come off their worst levels, but the DAX was still off by around 2.5% while currency fluctuations (weaker sterling generally) helped to keep the FTSE just the wrong side of flat for the month. US equity markets were higher.
Credit endured had a poor final week in secondary and spreads widened to their highest point of the year across the board, with all market sub-sectors recording negative performance for the month (see below).