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’CDS update: Retailers outperform in Europe, but disappoint in US
This CDS report was written by Markit’s Gavan Nolan
European credit continued to outperform equity today in a session dominated by domestic monetary policy and results across the Atlantic. Credit investors were unimpressed by the Bank of England’s decision to cut rates by 50bp to 1.5%.
CDS update: US weakness weighs on Europe
This CDS report was written by Markit’s Gavan Nolan
European credit indices gave back some of their gains this afternoon following disturbing news from the US. This morning saw a continuation of the recent rally,