EUROPEAN MARKETS AND US MARKETS WERE MIXED EARLY. LATER IN THE DAY MARKETS LAUNCHED UP TO 4-5 %. FTSE 100 +1.10%, German DAX +1.17%, CAC 40 -0.44%, STOXX Europe 600 -0.71%. The 10-year Gilt was down 5.1bps.
European Bond Research – March 2, 2020Posted on March 2, 2020
EUROPEAN BOND RESEARCH
March 2, 2020
|New Issues||New Issues [Continued]|
(None Current 03/02/2020)
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 –0.386%, as of 02/28/2020.
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