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Daily Archives: 16th April 2018

16th April 2018

ECB corporate purchases reach landmark

MARKET CLOSE:
iTraxx Main

53.4bp, -1.7bp

iTraxx X-Over

270.8bp, -5.3bp

10 Yr Bund

0.52%, +1bp

iBoxx Corp IG

B+103.6bp, -+xbp

iBoxx Corp HY

B+313.5bp, -3bp

10 Yr US T-Bond

2.83%, unchanged

FTSE 100

7,877.45, 18.28
DAX

13,169.92, 92.20
S&P 500

2,724.44, -8.57

Treading water in tentative session

The limited Western response in Syria elicited a fairly pragmatic market response. In a tentative, finding-your-feet session opening part of the session, the moves were limited and we might just get away with focusing on the earnings season and macro rather than geopolitics. Into the end of the month, that is.

The relief that the US and Russia had avoided direct contact was only reflected though in the rate markets where safe-havens came under some pressure forcing yields higher. Equities were probably looking forward to the earnings season and macro, while credit markets had a steady opening session to the week.

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