📉 Risk-On Rally in European Credit
Euro IG spreads tighten by 4bps to a 3-year low (106bps).
Euro HY spreads narrow by 8bps to 331bps.
💡 Positive sentiment driven by hopes of no global trade war!
#EuroCredit #RiskOn #MarketUpdate

⚡ Gas Prices Squeeze Europe!
Natural gas hits €49/MWh (+71% YoY), driven by depleted reserves.
⛽ Industrials face higher costs; Europe must import 52% more LNG in 2025.
💡 Strategy: Avoid cyclicals, focus on defensives!
#EnergyCrisis #LNG #EuroMarkets

🚢 Shipping Costs Plunge!
Shanghai-Rotterdam rates: -59% since summer peak (~$3400/40-ft box).
📦 Relief for consumers & retailers but negative for shipping credits.
#ShippingCosts #EuroTrade #MarketInsights

💸 Strong Demand in Euro IG
YTD issuance hits €77bn! Over 50% priced inside secondary curves.
Book coverage averages 3.3x, with some deals seeing 7-8x interest! 📊
#EuroCredit #InvestmentGrade #PrimaryMarkets

📊 European High Yield Update
HY spreads compress: -8bps to 331bps.
Issuance lags: €4.7bn YTD (vs. €10bn typical).
💡 Risk appetite improving as rates stabilize!
#HighYield #CreditMarkets #EuroFunds
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