INVESTORS ESPECIALLY FROM ASIA ARE COMING BACK TO INVESTING. EVEN THOUGH TESLA, FACEBOOK, GOOGLE, MICROSOFT ARE DOWN, BUT NASDAQ IS UP. MARKETS ARE PERPLEXED. FTSE 100 +0.62, German DAX +1.27%, CAC 40 +0.90%, STOXX Europe 600 +1.19%. The 10-year Gilt was up 3.7 bps.
European Bond Research – February 5, 2020Posted on February 5, 2020
EUROPEAN BOND RESEARCH
February 5, 2020
|New Issues||New Issues [Continued]|
(None Current 02/05/2020)
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: currently 7.5% (seasonally adjusted, November 2019)
- Eurostat’s quarterly GDP: 0.4% (2019 Q4)
- 6-month Euribor: current value –0.34%, as of 02/04/2020.
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