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Daily Archives: 17th September 2018

17th September 2018

Indian summer

MARKET CLOSE:
iTraxx Main

60.3bp, +0.8bp

iTraxx X-Over

281.8bp, +0.8bp

🇩🇪 10 Yr Bund

0.46%, +2bp

iBoxx Corp IG

B+132.5bp, -0.7bp

iBoxx Corp HY

B+390.3bp, -4bp

🇺🇸 10 Yr US T-Bond

2.99%, unchanged

🇬🇧 FTSE 100

6026.94, ERROR
🇩🇪 DAX

12591.68, ERROR
🇺🇸 S&P 500

3349.16, -4.38

Taking stock…

We’re just past the halfway stage of the month and, having manoeuvred a few bumps and scrapes, the market is holding relatively well. All eyes, as usual, have been on the US and their domestic economy is powering ahead. The economic storm clouds have threatened elsewhere but the bellwether S&P is clinging on to 2,900 – dipping in and out of ‘the number’ this month and just a shade (a trading session) away perhaps from setting a new record high for the index. Likewise, the Dow is on the up too – having lagged the S&P, it is now less than just 2% from achieving the same record feat.

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