GLOBAL MARKETS WERE DOWN MOSTLY AS MCCONNELL STOPS THE $2,000 CHECK FROM MOVING FORWARD WHILE PUSHING FORWARD THE $600 CHECK. FTSE 100 +1.55%, German DAX -0.21%, CAC 40 +0.42%, STOXX Europe 600 +0.76%. The 10-year Gilt was UP 4.9 BPS.
European Bond Research – December 29, 2020Posted on December 29, 2020
EUROPEAN BOND RESEARCH
December 29, 2020
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(None Current 12/29/2020)
OVERALL EUROPEAN CREDIT MARKET:
The euro-zone economy shows signs of negative momentum, weakening credit rating quality, and uncertainty regarding the outcome of Brexit. Closely watched indicators and rates:
- Eurostat’s unemployment rate: EXPECTED TO SOAR.
- Eurostat’s quarterly GDP: EXPECTED TO CONTRACT.
- 6-month Euribor: current value -0.52%, as of 12/28/2020.
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