Few European Bonds Price Ahead of FOMC
June 19 2013 - 12:40PM
Dow Jones News
By Serena Ruffoni
The prospect of Wednesday night's U.S. Federal Open Market
Committee decision and Fed Chairman Ben Bernanke's press conference
kept European credit markets calm all day Wednesday.
A couple of bonds from safe companies priced. All eyes are now
set on tomorrow morning's market reaction to the Fed decision and
what Mr. Bernanke says about the possibility of slowing down bond
purchases now that the U.S. economy is doing better.
CDS:
iTraxx Europe index: 1 BP tighter at 107 BPs
iTraxx Crossover index: 1 BP tighter at 442 BPs
NEW ISSUES:
Bacardi Prices EUR650M 2.75% 2023 Bond at 99.862
Aareal Bank Prices EUR500M 1% 2018 Bond at 99.487, Swaps
+0.05
(Ben Edwards contributed to this report.)
Write to Serena Ruffoni at serena.ruffoni@dowjones.com
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