Boeing/Airbus dogfight widens spreads as WTO ruling exposes Europe's trade weaknesses

By Dan Alderson

The World Trade Organisation’s go-ahead for the US to impose $7.5 billion of tariffs on imports from the EU has sent credit spreads sharply wider. And, according to latest credit research from Bank of America Merrill Lynch, it exposes Europe’s “Achilles heel”

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TAGS: CDS Europe High yield bonds Investment grade credit Research BofA Credit derivatives North America