IG corporates at bay with spreads wide and blackouts looming

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By Mike Turner
06 Apr 2021

Europe’s high grade corporate issuers are expected to sit on the sidelines of the primary bond market for the coming weeks, as wide spreads and an impending earnings reporting season remove any sense of urgency among issuers to print new debt.

Credit spreads swung to their widest point this year in the two weeks running up to the Easter break, with the iTraxx Europe Main hitting 55bp on March 25 as rises in the rates market leached through to corporate spreads. They have since tightened, with the Main at ...

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