European corporate credit default swap spreads were marginally tighter on Wednesday, while the primary issuance market revived after the initial shock waves from Dubai's debt troubles subsided. The financial sector was active, with Nomura, Credit Suisse, National Australia Bank and Yorkshire Building Society all coming out with new bonds.
By 1625 GMT, the investment-grade Markit iTraxx Europe index was at 84.50 basis points, according to data from Markit, unchanged versus late on Tuesday. The Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was at 516.25 basis points, 6.75 basis points tighter.
Comments
Comments are closed.