MNI EU Credit Weekly: Another Year Over

Dec-12 16:01By: Donal Golden and 5 more...
EU Utilities+ 14

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With our final EU Credit Weekly of 2025, we would like to wish all our clients a happy festive break and look forward to working with you next year.

Executive Summary: 

  • Despite light primary, spreads failed to repeat last week’s strength, finishing +0.3bp.
  • The FOMC decision was the central macro event of the week, with a less hawkish picture than expected. EUR rates repriced towards future hikes.
  • Fund flows were small across the board.
  • Supply dropped off nearly entirely with just GS coming to the EUR market.