Credit-Default Swap Market
|New Issues||New Issues [Continued]|
1. Banco de Sabadell SA (EUR) 0.625% 11/7/2025 (10/29/2019): 500MM Senior Unsecured Notes.
2. Eli Lilly & Co. (USD) 1.7% 11/1/2049 (10/30/2019): 1000MM Senior Unsecured Notes, Price at Issuance 99.442, Yielding 1.72%.
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 -0.346%, as of 10/28/2019
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