Euro bond indices break records despite stuttering recoveries

Stocks_AdobeStock_575x375_12March20
By Mike Turner
19 Oct 2020

The S&P euro investment grade corporate bond index hit a record high on Friday’s close, but corporate bankers believe that there is little to justify the complete reversal of the fall seen in the depths of the spring Covid-19 crisis apart from central bank splurging.

S&P’s index hit 240.55 on Friday, surpassing the 239.50 mark from before the pandemic hit Europe in March, sending it down 17 points.

Other indices tracking the same market have performed similarly, with Bloomberg’s euro senior non financial bond index also reaching a record high of 303.68 on Friday.

“The ...

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