European Corporate Bond Market: Spreads, Yields, Size

The pages listed below show the history of corporate bond spreads and performance, as well as the size and growth of the Euro-denominated corporate bond market, since 2003. They are a means for interested parties to gain a sense and appreciation of how the bond market in Europe has performed and grown during this period.  All data supplied by Markit Group Ltd.

Investment Grade >> Index: iBoxx EUR Corporates

 

High Yield >> Index: iBoxx EUR HY Overall

 

Senior & Subordinated Financials >> Index: iBoxx EUR Financials

 

Non-Financial Corporate Hybrid >> Index: iBoxx EUR Non-Financials Subordinated

 

CoCo Bond Market Index >> Index: iBoxx EUR Contingent Convertibles

 

Sterling Corporate Market >> Index: iBoxx GBP Corporates

More for Subscribers:

🗞️ A midweek flutter

Credit, where it's due... The reported number of daily coronavirus cases/deaths slowed - and the markets rallied. The corporate earnings/revenues and macro economic data to come are going to paint a bleak picture for Q1, but that is for another day. As things stand, the market reaction is going to be very limited (to the downside) because they are going to be furnished wi [...]

Continue reading

🗞️ Corporate earnings cull will mar Q1

Lemmings? Perhaps... Now we're talking. It's time to sit up and take note. Finally, we have a major company, in Apple, warn on Q1 revenues. Of course, they're suggesting it's temporary. Let's see if this hits home. This warning, though, is the tip of the iceberg, and others will follow quickly. We're looking at a glut of warnings as companies dependent on the Chinese supp [...]

Continue reading

🇨🇳 Hoodwinked

But undeterred... The markets are putting up a remarkable fight against a coronavirus-led battering which will derail all of this year's growth projections. We're at record highs in the S&P and Nasdaq indices. IG credit has returned 1.2% year to date, sterling IG 2.4% and the AT1 market 2.9%. Even Eurozone rates have returned 2.4% this year so far! That wasn't suppose [...]

Continue reading

🗞️ Another one bites the dust

If you can't beat 'em, join 'em... Lord over them, admire them or just join them, because we ain't going to beat them. The ability of the markets to swat aside any number of risk-events which might ordinarily have derailed them has been fantastic. Indeed, it looks as though investors have taken the view that the spread of Covid-19 won't be a Black Swan event. We're going [...]

Continue reading