IGM Credit, IGM FX and Rates
16 Sep 2019
Inside this week’s edition of The Context, Financial Intelligence thought leaders discuss: A Feast of Central Banks The ECB decision impacts other central banks. Most directly, the SNB who gather (Thursday). ECB easing also provides the Fed with some space given the Eurozone economy is one of the FOMC’s concerns. A 25bp cut is fully priced. The NOK Week – Bias is Neutral to Bullish Eur/Nok dipped to 9.8736 in the early exchanges as the market reacted to the spike in oil prices after the weekend's attack on a Saudi oil facility that will remove 5% of global supplies. The pair has quickly returned to 9.9250/9300, with the market looking ahead to Thursday's Norges Bank meeting. Euro Corp Comment: A Few Signs of Indigestion But The ECB Provides More Comfort It was another busy week for the euro investment grade corporate market in the w/e 13th September where EUR12.15bn hit the tape courtesy of 20 separate tranches. Read more from The Context and subscribe to have it delivered to your inbox each week!