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Daily Archives: 9th September 2020

9th September 2020

🗞️ Much needed calm after the storm

MARKET CLOSE:
iTraxx Main

53.3bp, -0.5bp

iTraxx X-Over

312bp, -16.9bp

🇩🇪 10 Yr Bund

-0.46%, +4bp

iBoxx Corp IG

B+125bp, +0.5bp

iBoxx Corp HY

B+452bp, -1bp

🇺🇸 10 Yr US T-Bond

0.70%, +11bp

🇬🇧 FTSE 100

5860.28, (+1.29%)
🇩🇪 DAX

12645.75, (+0.82%)
🇺🇸 S&P 500

3465.39, (+0.34%)

Surveying the damage…

Markets finally got some respite and managed to put up a decent rally. There was a tinge of disappointment coming from the news that AstraZeneca had paused phase 3 COVID-19 clinical trials following an adverse reaction in one of the study’s participants. The company’s drug development (with Oxford University) was (and still is) seen as a great hope, but drug trials are often halted.

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