STOCKS ARE MIXED TO LOWER. SOVEREIGN BONDS ARE LOWER TOO. BOTH ARE WAITING FOR THE PHASE 1 AGREEMENT TO BE SIGNED TOMORROW. FTSE 100 +0.05%, German DAX +0.02%, CAC 40 +0.09%, STOXX Europe 600 +0.24%. The 10-year Gilt was down 2.8 basis points.
European Bond Research – January 14, 2020Posted on January 14, 2020
EUROPEAN BOND RESEARCH
January 14, 2020
Credit-Default Swap Market
|New Issues||New Issues [Continued]|
(None Current 01/14/2020)
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, May 2019)
- Eurostat’s quarterly GDP: 0.4% (2019 Q1)
- 6-month Euribor: current value –0.324%, as of 01/13/2020
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