Not a credit mover. * Divestment of Oil & Gas unit for 135m 7x EV/EBITDA * Represented 400m or 6% of...
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ERM6/H6 98.31/98.43cs calendar, bought the June for 1.25 in 5k.
A subdued start to trade in EGB/Bund spreads, with any issuance-related pressure seen on the German curve countered by equity weakness when it comes to spreads. The major 10-Year spreads trade within 0.5bp of yesterday’s closing levels as a result.