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Daily Archives: 2nd December 2020
2nd December 2020
- by Suki Mann
🎄 Seasonal greetings, indeed!
| MARKET CLOSE: | ||
| iTraxx Main
46.7bp, +0.5bp |
iTraxx X-Over
250.7bp, -0.6bp |
🇩🇪 10 Yr Bund
-0.52%, unchanged |
| iBoxx Corp IG
B+102bp, -0.5bp |
iBoxx Corp HY
B+362bp, -4bp |
🇺🇸 10 Yr US T-Bond
0.95%, +2bp |
| 🇬🇧 FTSE 100
6,460, +75 |
🇩🇪 DAX
13,313, -69 |
🇺🇸 S&P 500
3,664, +2 |
The going’s about to improve…
We’re off to a flying start for December. The headline US equity S&P index is less than 1.5% from 3,700 and sits at around its record levels, poised for a tilt at that summit. All markets are being dragged higher because of it. Credit tighter. Commodities likely higher as macro recovery gathers pace. Even Bitcoin will be better bid at its own heady levels.
The Dow will look to break through 30,000 again. Most European markets are back in the black for the year (despite some weakness on Tuesday), just as the FTSE outperforms on Brexit hopes and the macro recovery benefits the international flavour of the earnings bias the companies in the index generate.
