European bank names gained traction in credit trading last month, but not without some see-saw action for spreads. Relief following the conclusion of bank stress tests in Ireland set a strong tone at the start of the month. There was no mention of haircuts for senior bank debt when the results were released on March 31, leading to a broad relief rally.
Markit iTraxx Europe closed four basis points tighter on April 1, while news of equity raisings by Italian banks and Germany’s Commerzbank also b
The week on Risk.net, July 7-13, 2018Receive this by email