Archive
Daily Archives: 25th September 2018
25th September 2018
- by Suki Mann
Credit primary not waiting for the Fed
| MARKET CLOSE: | ||
| iTraxx Main
69.5bp, -0.2bp |
iTraxx X-Over
271.2bp, +1.1bp |
🇩🇪 10 Yr Bund
0.54%, +3bp |
| iBoxx Corp IG
B+129.3bp, -0.1bp |
iBoxx Corp HY
B+374.3bp, -2bp |
🇺🇸 10 Yr US T-Bond
3.10%, +2bp |
| 🇬🇧 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″] |
FOMC and 25bp up next…
After an indifferent opening in Europe, we managed to hold a little higher amid little material news flow that ought to have suggested we should hit the ball out of the park. The previously mentioned event risk situations continue to lurk (China/US, EM, Turkey, Italy, Brexit), but with the headlines proffering nothing new, the markets managed a slightly better feel about them. Risk on or off though elsewhere, the new issue market was always going to be a bright spot though – for the credit market.
We were not to be disappointed with deals galore across the SSA, covered and corporate bond markets to help absorb the bulging investor cash balances. September is turning into a very good month for the new issue corporate bond market.
