Archive
Daily Archives: 2nd September 2018
2nd September 2018
- by Suki Mann
Isolationist, but US out in front
| MARKET CLOSE: | ||
| iTraxx Main
68.4bp, +1.2bp |
iTraxx X-Over
298.8bp, +5.1bp |
🇩🇪 10 Yr Bund
0.33%, -2bp |
| iBoxx Corp IG
B+135.8bp, +1.3bp |
iBoxx Corp HY
B+390bp |
🇺🇸 10 Yr US T-Bond
2.86%, unchanged |
| 🇬🇧 FTSE 100 [wp_live_scraper id=”17″], [wp_live_scraper id=”18″] | 🇩🇪 DAX [wp_live_scraper id=”19″], [wp_live_scraper id=”20″] | 🇺🇸 S&P 500 [wp_live_scraper id=”21″], [wp_live_scraper id=”22″] |
Trump rallies the US equity markets…
We head into the new month having been met with a flurry of issues which ought to offer some food for thought, if not a whole lot of concern. We had data showing slowing industrial production in Japan in July, Trump threatening to pull out of the WTO (again) amid the potential for tariffs on $200bn of Chinese imports this week – while Chinese manufacturing for August rose but exports declined.
The Turkish lira was in volatile form as the central bank enacted measures to help ease its decline and bolster some support for the beleaguered currency and then we had news of weak German retail sales in July.
Equities declined, government bonds were better bid, credit spreads were better offered and primary was closed. Welcome September.
