Archive
Daily Archives: 4th September 2018
4th September 2018
- by Suki Mann
Needing to ramp it up
| MARKET CLOSE: | ||
| iTraxx Main
67.9bp, -0.4bp |
iTraxx X-Over
296.9bp, -1.8bp |
🇩🇪 10 Yr Bund
0.36%, +2bp |
| iBoxx Corp IG
B+138.3bp, +0.5bp |
iBoxx Corp HY
B+403bp, -0.5bp |
🇺🇸 10 Yr US T-Bond
2.90%, +5bp |
| 🇬🇧 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″] |
Willing the markets on…
Our obsession with the primary market continues – because it is the oxygen of the market. Tuesday’s session saw a plethora of activity, but it was mainly financials driven. Covered bonds, senior issues and subordinated debt dominated the screens with a couple of peripheral non-financial corporates also in the mix. Spreads are edging wider, though, leaving benchmark performance to come under constant pressure, while total returns hover around zero for the year – but credit is outperforming in both IG and high yield versus equities and government bonds.
