GLOBAL EQUITIES MARKETS ARE MIXED TO DOWN. All European markets are down. US markets are down as the dollar has lost strength in the last three trading days. FTSE 100 -0.76%, German DAX -0.66%, CAC 40 -0.91%, STOXX Europe 600 -0.85%. The 10-year Gilt gained 1.1 basis points.
European Bond Research – December 30, 2019Posted on December 30, 2019
EUROPEAN BOND RESEARCH
December 30, 2019
Credit-Default Swap Market
|New Issues||New Issues [Continued]|
(None Current 12/30/2019)
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: currently 7.5% (seasonally adjusted, May 2019)
- Eurostat’s quarterly GDP: 0.4% (2019 Q1)
- 6-month Euribor: current value –0.325%, as of 12/27/2019
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