Archive
Daily Archives: 26th September 2018
26th September 2018
- by Suki Mann
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| MARKET CLOSE: | ||
| iTraxx Main
67.5bp, -2bp |
iTraxx X-Over
268.5bp, -2.7bp |
🇩🇪 10 Yr Bund
0.53%, -1bp |
| iBoxx Corp IG
B+129.4bp, unchanged |
iBoxx Corp HY
B+375.7bp, +1.3bp |
🇺🇸 10 Yr US T-Bond
3.09%, -1bp |
| 🇬🇧 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″] |
Credits’ September love-in…
It’s going as swimmingly as can be for the corporate bond market right now. It’s been a while since we have managed to trade through a period so well. We have new issues aplenty going some way towards satiating the need for cash-rich corporate bond investor portfolio investors to get their booty invested before year-end. There is an understanding that deals are going to be priced cheaply at the initial phase of the marketing, and then rammed tighter into the final pricing. Few are being deterred.
New deals are performing well in most cases on the break. And secondary is better bid for choice. The puzzle, for now, has been solved.
