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Behind the Screen

28 February 2014 by HCM

Either in Europe investment grade or crossover, US investment grade or non-investment grade, behind the end of month credit indices rally, there is a lot of dispersion across the credit spectrum. Looking at Europe investment grade, no sector is tighter since the beginning of the year. The performance is really mixed. The industrial sector is the weakest as it is considered the most dependent on the emerging markets. The retail sector in Europe is weak but it is mainly due to Wm. Morrison Supermarkets Plc (MRWLN) . Worth to notice, the Financial CDS are rather stable, Standard Chartered PLC (STANLN) being the weakest.

You just have to click on each bubble using the bubble charts to scroll down into the single CDS dispersion.