• Home /
  • Archive: October 7th, 2019

Archive

Daily Archives: 7th October 2019

7th October 2019

🤳 Alexander the Great

MARKET CLOSE:
iTraxx Main

58bp, unchanged

iTraxx X-Over

253.5bp, +3.5bp

🇩🇪 10 Yr Bund

-0.58%, +1bp

iBoxx Corp IG

B+125.3bp, unchanged

iBoxx Corp HY

B+431bp, +3bp

🇺🇸 10 Yr US T-Bond

1.54%, +2bp

🇬🇧 FTSE 100

6032.18, (+0.09%)
🇩🇪 DAX

12674.88, (+0.66%)
🇺🇸 S&P 500

3351.28, (+0.06%)

Yes sir, no sir, three bags…

There are just too many developing situations for the markets to make a move in any decisive direction. They are currently treading very carefully – understandably – and it all seems rather tedious. After some big losses last week, European equities did their best to push higher, rates were flat/better offered for choice, even after a larger than expected drop in German factory orders for August (the economy in recession will be confirmed), while credit primary was almost oblivious to it all as deals populated the screens. This could all be a theme for this week.

Continue reading