IG corporate market predicts March correction

Stocks_AdobeStock_575x375_12March20
By Mike Turner
28 Jan 2021

Europe’s investment grade corporate bond bankers and investors are looking to the end of this earnings season for a “needed” correction to trading levels, though some warn it will be shortlived.

Spreads have been drifting sideways in the secondary market for much of this year. The Markit iTraxx Europe Main has spent much of the month hovering around 49bp, though towards the end of this week it widened to 53bp amid a sharp sell-off in equity markets.

However, new bond ...

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