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Daily Archives: 6th October 2020

6th October 2020

🗞️ He’s Back…And Don’t We Just Know It

iTraxx Main

54.1bp, -2.6bp

iTraxx X-Over

320.4bp, -12bp

🇩🇪 10 Yr Bund

-0.51%, unchanged

iBoxx Corp IG

B+123.7bp, -2.5bp

iBoxx Corp HY

B+460bp, -5bp

🇺🇸 10 Yr US T-Bond

0.78%, +2bp

🇬🇧 FTSE 100

5860.28, (+1.29%)
🇩🇪 DAX

12645.75, (+0.82%)
🇺🇸 S&P 500

3465.39, (+0.34%)

Nerves of steel required…

Good news and the markets rise, bad news and they drop. ‘Twas ever thus, it’s not rocket science. However, the frequency of the headline risks and the subsequent risk on/off is the difference now. Unfortunately, it is about to become a little more volatile – to quite possibly last into the end of the year. Macro looks to be offering a slightly better near-term recovery dynamic, but the fragility is a clear and present danger as regional and/or national lockdowns dent the upward moves.

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