US-China escalation halts recovery

Credit Markets Weekly , 9. Apr.
Spreads on the EUR non-financial corporate bond market have widened significantly in all sectors since President Trump announced high ‘reciprocal’ import tariffs on 2 April. They are now wider than at the start of the year. While senior bank spreads also widened, covered bond and SSA spreads remained stable. The primary market came to a standstill.

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