With the holidays approaching, the credit markets are up for a well deserved breather following some weeks of mood swings driven by the oil price and not least Wednesday's FED decision to hike the rate - a decision that was generally well accepted in the markets.
During the week, the Itraxx Main tightened 5bp, closing at 80bp, while Itraxx Crossover tightened 27bp and closed at 332bp.
Activity in the Nordic IG market as well as the HY market was thin during last week, which is normal for this time of the year.
We will start next year with our Credit Outlook 2016 on 11 January and the first Weekly Credit Update on 12 January.
With this we wish all our readers a merry Christmas and a happy New Year!
To read the entire report Please click on the pdf File Below.