|Country||Maturity (Y)||Yield (%)||Previous (%)||Spread (bp)|
Credit-Default Swap Market
|New Issues||New Issues [Continued]|
1. Ineos Finance PLC (EUR) 2.875% 5/1/2026 Reg S (04/08/2019):770MM Secured Notes, Price at Issuance 100, Yielding 2.875%.
2. Acron Swiss Premium Asset AG (CHF) 3% 4/8/2020 (04/08/2019):10000MM Senior Unsecured Notes, Price at Issuance 100, Yielding 3%.
3. Caisse Centrale du Credit Immobilier de France SA (EUR) 0.125% 3/1/2021 (04/08/2019): 350MM Senior Preferred Security.
|iShares Core EUR UCITS||iShares Euro High Yield UCITS|
|NAV as of 04/09/2019, 131.27||NAV as of 04/09/2019, 103.94|
|Daily NAV Change (%) +0.03%||Daily NAV Change (%) -0.06%|
OVERALL EUROPEAN CREDIT MARKET:
The euro-zone economy shows signs of positive momentum, although conditions are expected to deteriorate hindered by the termination of quantitative easing, weakening credit rating quality, and uncertainty regarding the outcome of Brexit. Closely watched indicators and rates:
- Eurostat's unemployment rate: currently 7.8% (seasonally adjusted, February 2019)
- Eurostat's quarterly GDP: 0.2% (2018 Q3 Final)
- 6-month Euribor: current value -0.231%, as of 04/08/2019
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