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

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Got to be happy with that

Euro-denominated IG credit spreads (iBoxx index) at B+127bp (-46bp this year already) might actually see B+110bp or lower before 2019 is out. All we need is fear (that it could all come crashing down), hope (that we might be seeing global growth underpinned by those Chinese stimulus measures) and a lot of luck (that event risk remains well off the radar). It looks like we w [...]

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Inflows, demand, reduced primary, illiquidity…. squeeze

Credit bagging performance... It appears as if the Easter holidays are already with us and are acting as limiter on activity after a breakneck start to the year, against the expectations of most. The Dax is up by close on 15%, the S&P a good session's trading away from a fresh record high, just as euro-denominated IG credit sits on returns of almost 3.5% year to date - w [...]

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2016 (or maybe 2017?) all over again

Credit market lapping it up... There are still a couple of weeks in which to get some business done either side of the long Easter weekend break. And chances are that credit Primary ought to be flying, equities will probably edge higher, fuelled by the potential for further eventual policy easing - while discounting a potentially poorer earnings season overall (bank results [...]

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May ‘drags’ on, ECB ‘Draghis’ on

Path of least resistance and all that... Everyone is waiting for something to happen. And that includes the ECB by the looks of it, before it feels that it can act more decisively. The two main developing issues which have us gripped, though, are the Brexit process and the US/China trade tariff talks. There's seemingly little progress or concrete news on either, although the [...]

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