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Daily Archives: 18th May 2020

18th May 2020

🌅 And the outlook is bright(ening)

MARKET CLOSE:
iTraxx Main

83.8bp, -6.8bp

iTraxx X-Over

499.2bp, -41bp

🇩🇪 10 Yr Bund

-0.47%, +6bp

iBoxx Corp IG

B+206bp, -1bp

iBoxx Corp HY

B+666bp, -10bp

🇺🇸 10 Yr US T-Bond

0.71%, +7bp

🇬🇧 FTSE 100

6026.94, (-1.27%)
🇩🇪 DAX

12591.68, (-0.54%)
🇺🇸 S&P 500

3349.16, (+0.22%)

Economic engine revving up…

Markets are looking at that glass as half-full. As the world economy begins to re-open and we generate greater levels of activity, the hope is that we are picking ourselves up off the floor and moving on – in a sustainable upward trajectory. The data through May will be dire, but in a sense, it will be backward-looking. There will be the headline and other risks that markets will have to contend with for months to come, but there is a good chance we can mostly trend higher in risk valuations.

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