CEEMEA bond market stable after big losses but more may follow
The CEEMEA bond market found some stability this week after brutal selling in the secondary market. Syndicate bankers are hoping that relative value arguments will stop the selling pressure. But outflows are still mounting and another sharp correction could be just around the corner, analysts warned.
The market remains choppy but bankers welcomed the comparative calm on Thursday after steep losses in the secondary market earlier in the week. “Tuesday was just brutal,” said one debt banker.
The iTraxx CEEMEA corporate index hit 284bp on Tuesday, its highest level since it was created last
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