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Daily Archives: 8th October 2018

8th October 2018

All hands back on that pump!

MARKET CLOSE:
iTraxx Main

71.3bp, +2.1bp

iTraxx X-Over

286.8bp, +6.5bp

🇩🇪 10 Yr Bund

0.54%, -2.5bp

iBoxx Corp IG

B+131.1bp, +1.2bp

iBoxx Corp HY

B+387.8bp, +6.7bp

🇺🇸 10 Yr US T-Bond

3.23%, unchanged

🇬🇧 FTSE 100

6049.62, ERROR
🇩🇪 DAX

12489.46, ERROR
🇺🇸 S&P 500

3152.05, -12.23

It’s October, nervous times…

The 4% or so drop overnight in Chinese stocks – whether they were playing catch up or not after a week-long break – was never going to enamour investors with a positive tilt at the open this week. Nor did it help that German industrial production dropped again in August coming in at -0.3% month on month versus expectations of a rise (+0.4%). So away from the Chinese markets, it turned out to be a very defensive start to proceedings. That’s usual anyway for a Monday. Credit primary, for example, was still not firing and has failed to leave the starting block this month.

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