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  • Main Finls Sovx

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    CreditTrader
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    Interesting relationship shift between sovereign risk and the spread between financials and non-financials in Europe. Seems post the Stress Test announcement, FINLs to non-FINLs compressed around 10bps relative to SovX.

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    Interesting relationship shift between sovereign risk and the spread between financials and non-financials in Europe. Seems post the Stress Test announcement, FINLs to non-FINLs compressed around 10bps relative to SovX.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1K views1 page

    Main Finls Sovx

    Uploaded by

    CreditTrader
    Interesting relationship shift between sovereign risk and the spread between financials and non-financials in Europe. Seems post the Stress Test announcement, FINLs to non-FINLs compressed around 10bps relative to SovX.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    ITRX FINLs Senior - ITRX Main (bps)

    55 y = 0.5186x - 34.864
    R² = 0.9225

    45

    35

    25

    15

    5 SovX on-the-run (bps)

    -5 40 60 80 100 120 140 160 180

    -15

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