Archive
Daily Archives: 22nd September 2018
22nd September 2018
- by Suki Mann
Some defiance at last!
| MARKET CLOSE: | ||
| iTraxx Main
68.3bp, +0.4bp |
iTraxx X-Over
264.6bp, -1.5bp |
🇩🇪 10 Yr Bund
0.46%, -2bp |
| iBoxx Corp IG
B+129.4bp, -0.5bp |
iBoxx Corp HY
B+379.7bp, +0.4bp |
🇺🇸 10 Yr US T-Bond
3.07%, 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″] |
20-30bp is the new 10-15bp…
That was a good second half of the week and gives us a platform to rescue performance as we close in on the end of this month. Fresh record-high stocks in the US were the principal take away, but we in the corporate bond markets will be feeling relieved that the supply situation has perked up. And the information ratio we have managed to obtain as a result will have us in better spirits as we enter the final quarter of 2018. The markets might have had a super week, but the macro outlook – away from the US – remains difficult and isn’t showing signs of stabilising.
