Wed 08/17/2022 13:07 PM
The European credit market has strengthened recently, but the primary market still faces a number of challenges. The iTraxx Crossover widened today to 479 bps from 465 bps yesterday, but the index is still near the lowest level seen for a number of weeks, as the secondary market has rallied over the past two weeks. Meanwhile, a number of macroeconomic indicators are more constructive, including lower prices for oil as well as for some other raw materials, stronger equities and signs that...
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