Sovereign-Debt Snapshot
Country | Maturity (Y) | Yield (%) | Previous (%) | Spread (bp) | |
---|---|---|---|---|---|
Australia | 10 | 1.913 | 1.904 | -59.0 | |
Belgium | 10 | 0.456 | 0.462 | -204.6 | |
France | 10 | 0.362 | 0.369 | -214.0 | |
Germany | 10 | 0.010 | -0.004 | -249.2 | |
Italy | 10 | 2.478 | 2.513 | -2.4 | |
Japan | 10 | -0.029 | -0.039 | -253.2 | |
Netherlands | 10 | 0.096 | 0.086 | -240.7 | |
Portugal | 10 | 1.255 | 1.263 | -124.8 | |
Spain | 10 | 1.100 | 1.109 | -140.3 | |
Sweden | 10 | 0.247 | 0.245 | -225.5 | |
U.K. | 10 | 1.118 | 1.087 | -138.5 | |
U.S. | 10 | 2.503 | 2.513 | ... |
Credit-Default Swap Market
New Issuance
New Issues | New Issues [Continued] |
---|---|
1. Caisse Centrale du Credit Immobilier de France SA (EUR) 0.125% 3/1/2021 (04/08/2019): 350MM Senior Preferred Security. |
ADI Indexes
iShares Core EUR UCITS | iShares Euro High Yield UCITS |
NAV as of 04/08/2019, 131.13 | NAV as of 04/08/2019, 104.00 |
Daily NAV Change (%) -0.08% | Daily NAV Change (%) -0.03% |
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, January 2019)
- Eurostat's quarterly GDP: 0.2% (2018 Q3 Final)
- 6-month Euribor: current value -0.231%, as of 04/05/2019
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