Senior subdued as Greece, Ireland push indices wider
Senior FIG opened weakly on Monday, as worries over the potential restructuring of Greek sovereign debt and its effect on other European states hit the market. While trades from Sydbank and Aegon could liven up primary later this week, bankers generally expect the coming days to be quiet.
Senior and subordinated debt indices opened wider on Monday morning, compounding the soft end to last week. The senior index is around 4bp wider than last weeks close, while the subordinated index opened 8bp wider, said bankers.
There was some weakness at the end of last week on the
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