Archive
Daily Archives: 26th November 2018
26th November 2018
- by Suki Mann
It’s all a little fishy
| MARKET CLOSE: | ||
| iTraxx Main
78.4bp, -2.2bp |
iTraxx X-Over
328.9bp, -4.8bp |
🇩🇪 10 Yr Bund
0.36%, +2bp |
| iBoxx Corp IG
B+161.4bp, -1.1bp |
iBoxx Corp HY
B+480.4bp, -3bp |
🇺🇸 10 Yr US T-Bond
3.07%, +2bp |
| 🇬🇧 FTSE 100 [wp_live_scraper id=”17″], [wp_live_scraper id=”24″] | 🇩🇪 DAX [wp_live_scraper id=”19″], [wp_live_scraper id=”25″] | 🇺🇸 S&P 500 [wp_live_scraper id=”21″], [wp_live_scraper id=”26″] |
Tell it to the judge…
‘One large cod (British) & frites, s’il vous plait’
So that’s it, then. The softest Brexit is happening on terms dictated wholly by the EU. The EU signed off on the deal at the weekend with suggestions that more freebies are coming their way courtesy of the UK government rolling over some more and having its stomach tickled. And in a sign of flexing its muscle, the EC has seemingly managed to get the Italians to revise their budget deficit lower than the 2.4% currently envisaged.
The markets ‘loved’ it. We haven’t seen the session intra-day low 3.17% yield on the 10-year BTP for a few months. A 1%+ rise in European equities is also an unusual occurrence of late.
