Credit traders’ kickstand: UK vote brings profit-taking and corporate catch up

By Dan Alderson

Profit-taking has reversed some of the previous outperformance of European financial credits ahead of Saturday’s crunch UK parliament vote on the latest Brexit agreement with the European Union, but UK names continue to trade bullishly as trader concerns about the chances of a no-deal exit on 31 October recede

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TAGS: Europe High yield bonds Investment grade credit Kickstand Synthetic/SRT