Low rates point to autumn of long dated deals for IG issuers

The iTraxx Europe index, a key indicator of market perceptions of the creditworthiness of investment grade bonds, returned to the 60 mark on Wednesday after widening to 74 on Monday. Along with a fall in the 10 year euro interest rate swap rate, that could leave investment grade borrowers better able to print longer dated deals when market activity picks up in the autumn.