managing through challenging times: the future of tax and ......wilbert kannekens. head of tax kpmg...
TRANSCRIPT
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Managing through challenging times: The Future of Tax and LegalBusiness reorganization in the post Covid-19 world
Keeping Connected Global Tax & Legal & Mobility Virtual Meeting Series — Part 6
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April 2020
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Document Classification: KPMG Confidential
© 2020 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved 2© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Topics for discussion
Agenda 1 Introductory Market Insights
2 Business and Corporate Reorganization
3 Debt Structures and Funding
4 Avoiding Trouble
5 Q&A
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3© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Administration
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Your feedback
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4© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Today’s presenters
Leif ZierzGlobal Head of Deal Advisory, KPMG International E: [email protected]
Arco VerhulstGlobal Head of M&A Deal Advisory, TaxKPMG InternationalE: [email protected]
David HeathcoteGlobal Head of Debt Advisory KPMG AustraliaE: [email protected]
Stuart FullerGlobal Head of Legal Services, KPMG InternationalE: [email protected]
Anna BalinskyPartner, Business Law and Managing PartnerKPMG Law LLP in CanadaE: [email protected]
Wilbert KannekensHead of TaxKPMG in the NetherlandsE: [email protected]
mailto:[email protected]
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Introductory Market Insights
Leif ZierzGlobal Head of Deal AdvisoryKPMG InternationalE: [email protected]
Arco VerhulstGlobal Head of M&A Deal Advisory, TaxKPMG InternationalE: [email protected]
David HeathcoteGlobal Head of Debt Advisory KPMG AustraliaE: [email protected]
mailto:[email protected]
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6© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Eye of the storm: What we are seeing in the market right now
Very active M&A market52% growth of global annual M&A volume
since 2010 to $tn 4.1
Record amounts of PE dry-powderIncrease from $tn 1.2 to 2.5 since 2010,
historically unprecedented
High transactions multiplesIncrease from 8.5x to 11.5x since 2010 to
just below 2007 level
Low interest ratesDecline of interest rates from 3% to 1.5%
for 10y bonds since 2010
Sector disruption & convergence2x increase «corporate VC investment» ratio between 2013-2019
Since COVID-19:
Global M&A market crashes in Q1
Strong growth of corporate insolvencies predicted for 2020
Some sectors are hit significantly harder than others
Capital markets are defined by uncertainty, but not hopeless
IPO window is closed
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7© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Eye of the storm: How is tax and regulatory impacting the M&ATax is playing an important role in support measures
― Governments providing support to businesses in many countries
― Tax plays an important role in supporting liquidity
― Deferral for tax payments, carry back of losses, amortization and write-downs
― Asset managers increasingly involved in portfolio companies
Support does not come free
― Governments are imposing requirements on ability to use support measures
― Requirements regarding bonuses, dividends and paying fair share of tax including use of tax haven companies
― Particularly relevant for private equity
Governments will introduce/raise taxes to
fund the support measures
― During Global Financial Crisis taxation levels were increased and/or new taxes introduced for funding support measures
― Government deficits already double/triple deficit levels during GFC, so government will aggressively look for funding
― Increased taxation will impact transactions/valuations
Regulatory changes
― Despite government support, many companies may move into a distressed financial situation
― Governments announcing measures that require foreign investors (in key sectors) to request for regulatory approval
― Impact on transactions/valuations
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8© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Traditional debt markets sold off but liquidity prevails― Syndicated Loan Volumes have experienced a
decline in major markets in Q1 2020― Traditional markets sold off, but not to GFC levels― US market volumes more resilient potentially given
depth of the market and scale― EMEA sold off to near Q1 2010 levels― APAC (ex Japan) sold off to Q1 2012― Australia down to Q1 2015― Alternative credit markets have grown significantly
since 2008 to partially fill the gap left from the GFC― Alternative investors intention is to supplement
traditional lenders with more appetite for risk for higher return
― Credit metrics still need to hold up
Chart1
1Q201Q201Q201Q20
4Q194Q194Q194Q19
3Q193Q193Q193Q19
2Q192Q192Q192Q19
1Q191Q191Q191Q19
4Q184Q184Q184Q18
3Q183Q183Q183Q18
2Q182Q182Q182Q18
1Q181Q181Q181Q18
4Q174Q174Q174Q17
3Q173Q173Q173Q17
2Q172Q172Q172Q17
1Q171Q171Q171Q17
4Q164Q164Q164Q16
3Q163Q163Q163Q16
2Q162Q162Q162Q16
1Q161Q161Q161Q16
4Q154Q154Q154Q15
3Q153Q153Q153Q15
2Q152Q152Q152Q15
1Q151Q151Q151Q15
4Q144Q144Q144Q14
3Q143Q143Q143Q14
2Q142Q142Q142Q14
1Q141Q141Q141Q14
4Q134Q134Q134Q13
3Q133Q133Q133Q13
2Q132Q132Q132Q13
1Q131Q131Q131Q13
4Q124Q124Q124Q12
3Q123Q123Q123Q12
2Q122Q122Q122Q12
1Q121Q121Q121Q12
4Q114Q114Q114Q11
3Q113Q113Q113Q11
2Q112Q112Q112Q11
1Q111Q111Q111Q11
4Q104Q104Q104Q10
3Q103Q103Q103Q10
2Q102Q102Q102Q10
1Q101Q101Q101Q10
4Q094Q094Q094Q09
3Q093Q093Q093Q09
2Q092Q092Q092Q09
1Q091Q091Q091Q09
4Q084Q084Q084Q08
3Q083Q083Q083Q08
2Q082Q082Q082Q08
1Q081Q081Q081Q08
4Q074Q074Q074Q07
3Q073Q073Q073Q07
2Q072Q072Q072Q07
1Q071Q071Q071Q07
4Q064Q064Q064Q06
3Q063Q063Q063Q06
2Q062Q062Q062Q06
1Q061Q061Q061Q06
4Q054Q054Q054Q05
3Q053Q053Q053Q05
2Q052Q052Q052Q05
1Q051Q051Q051Q05
4Q044Q044Q044Q04
3Q043Q043Q043Q04
2Q042Q042Q042Q04
1Q041Q041Q041Q04
4Q034Q034Q034Q03
3Q033Q033Q033Q03
2Q032Q032Q032Q03
1Q031Q031Q031Q03
4Q024Q024Q024Q02
3Q023Q023Q023Q02
2Q022Q022Q022Q02
1Q021Q021Q021Q02
4Q014Q014Q014Q01
3Q013Q013Q013Q01
2Q012Q012Q012Q01
1Q011Q011Q011Q01
US
AsiaPac (ex-Japan)
Australia
EMEA
Syndicated Loan Volumes (US$bn)
507.6618430035
68.925
9.4595
143.56
518.6678076682
112.809
22.9182
268.18
502.4442282613
115.848
15.3343
220.09
647.3847221651
121.789
20.257
253.17
447.0755427127
113.79
17.4427
243.03
659.7302013023
124.558
25.7218
258.62
488.3800490753
104.717
16.4979
204.99
870.3432952426
130.432
36.4112
280.9
621.9152595216
125.115
16.903
305.43
653.3279910482
118.015
19.7892
214.21
538.6478726095
94.338
21.8233
181.86
703.9646409915
136.096
30.0894
230.89
604.3506797867
96.861
10.0651
267.21
582.6827527394
103.137
29.3311
241.89
440.0211007525
115.462
13.9101
209.22
610.1690444969
137.023
14.2764
267.47
356.5264739658
107.153
15.2789
195.53
496.6323385751
105.04
22.253
408.2
536.4172253963
124.278
20.7014
220.51
574.4390946177
131.156
26.6475
265.11
383.7499683205
110.787
9.8509
269.12
579.5078047493
138.852
34.7785
265.4
452.4055140717
131.64
22.4395
299.41
597.8942722752
141.432
34.8724
392.99
479.5225834504
110.995
13.9174
209.15
550.9772362377
142.978
47.0201
240.95
516.0081586738
107.354
13.538
237.7
602.0755893325
124.503
29.848
214.04
469.4739003078
87.068
9.4926
237.57
490.9899080761
86.361
27.627
153.69
337.8064722316
77.907
15.9144
160.63
400.5184981024
80.168
22.762
224.57
346.38684293
62.211
13.8346
164.4
462.5358599117
73.974
32.0463
249.58
432.8718499705
94.619
31.1449
260.13
568.480892439
98.786
26.045
287.53
393.8618956098
74.106
17.9658
237.45
348.4265954906
84.788
30.3691
282.61
245.4107918282
58.521
11.3584
238.38
323.7060779687
77.768
17.2074
233.86
168.1576595415
47.462
5.4764
155.13
174.2836957608
54.346
22.399
154.06
97.6803846556
44.528
16.185
111.8
158.4731089149
32.179
6.716
198.25
116.6838225008
39.868
8.141
184.01
111.7930412176
36.772
9.294
173.97
224.9166608763
64.691
17.37
174.12
248.1748139374
65.875
20.926
308.28
179.0952391016
67.981
19.666
220.16
324.8269991552
78.073
37.9474
361.9
407.3753107028
87.841
29.3075
422.32
581.7630989978
73.765
26.5229
518.75
372.8445939481
48.72
16.7192
303.06
401.4626691994
64.73
19.0169
372.17
376.7876195748
59.116
15.1431
244.85
532.2816695365
72.577
23.194
270.16
361.9613682442
33.823
6.654
333.76
416.453465945
40.848
17.55
360.89
344.8729339794
41.198
11.661
294.53
459.288383975
42.958
14.335
358.29
273.9733902979
23.387
7.287
248.14
371.3783213873
44.92
15.351
293.9
310.1451751168
38.12
15.434
213.13
460.6756407601
32.35
10.588
231.06
205.4892230279
20.617
4.692
128.21
244.3561024346
27.589
12.154
161.51
200.5304270822
19.628
4.304
133.13
300.3000799552
20.129
6.574
189.33
184.7051106333
13.037
2.188
129.03
198.7664825245
24.79
6.462
140.05
230.7203788146
21.295
3.58
109.77
355.5168388097
20.235
6.384
176.56
184.3401190942
16.742
3.99
102.65
244.129753531
18.582
4.7399
120.43
256.549667079
25.575
6.8209
89.59
393.155048603
18.61
5.124
157.42
213.595506201
22.888
4.421
88.9
Output
QuarterUSAsiaPac (ex-Japan)AustraliaEMEAQuarterUSAsiaPac (ex-Japan)AustraliaEMEA
1Q20507.6668.939.46143.5631-Mar-201Q2077422131222
4Q19518.67112.8122.92268.1831-Dec-194Q1981029361361
3Q19502.44115.8515.33220.0930-Sep-193Q1983630842457
2Q19647.38121.7920.26253.1730-Jun-192Q1997734959451
1Q19447.08113.7917.44243.0331-Mar-191Q1970337744385
4Q18659.73124.5625.72258.6231-Dec-184Q18100324850379
3Q18488.38104.7216.50204.9930-Sep-183Q1890125537407
2Q18870.34130.4336.41280.930-Jun-182Q18121634874489
1Q18621.92125.1216.90305.4331-Mar-181Q18104135242389
4Q17653.33118.0219.79214.2131-Dec-174Q17114126448290
3Q17538.6594.3421.82181.8630-Sep-173Q17105028251335
2Q17703.96136.1030.09230.8930-Jun-172Q17114934067428
1Q17604.3596.8610.07267.2131-Mar-171Q17106735935408
4Q16582.68103.1429.33241.8931-Dec-164Q1697825146323
3Q16440.02115.4613.91209.2230-Sep-163Q1683931433414
2Q16610.17137.0214.28267.4730-Jun-162Q1690335436467
1Q16356.53107.1515.28195.5331-Mar-161Q1664637133386
4Q15496.63105.0422.25408.231-Dec-154Q1573731748430
3Q15536.42124.2820.70220.5130-Sep-153Q1584233457463
2Q15574.44131.1626.65265.1130-Jun-152Q15101537053523
1Q15383.75110.799.85269.1231-Mar-151Q1571038927425
4Q14579.51138.8534.78265.431-Dec-144Q1497933654386
3Q14452.41131.6422.44299.4130-Sep-143Q1494744442461
2Q14597.89141.4334.87392.9930-Jun-142Q14106644666489
1Q14479.52111.0013.92209.1531-Mar-141Q14101942436345
4Q13550.98142.9847.02240.9531-Dec-134Q13106035089340
3Q13516.01107.3513.54237.730-Sep-133Q1399633037391
2Q13602.08124.5029.85214.0430-Jun-132Q13124934869387
1Q13469.4787.079.49237.5731-Mar-131Q1389226122352
4Q12490.9986.3627.63153.6931-Dec-124Q12121326733269
3Q12337.8177.9115.91160.6330-Sep-123Q1275025335300
2Q12400.5280.1722.76224.5730-Jun-122Q1282527348362
1Q12346.3962.2113.83164.431-Mar-121Q1271623131292
4Q11462.5473.9732.05249.5831-Dec-114Q1174823660315
3Q11432.8794.6231.14260.1330-Sep-113Q1178430061386
2Q11568.4898.7926.05287.5330-Jun-112Q1189129953429
1Q11393.8674.1117.97237.4531-Mar-111Q1174524637340
4Q10348.4384.7930.37282.6131-Dec-104Q1071925845328
3Q10245.4158.5211.36238.3830-Sep-103Q1052025230306
2Q10323.7177.7717.21233.8630-Jun-102Q1060325137343
1Q10168.1647.465.48155.1331-Mar-101Q1040018217259
4Q09174.2854.3522.40154.0631-Dec-094Q0947619835235
3Q0997.6844.5316.19111.830-Sep-093Q0930318530252
2Q09158.4732.186.72198.2530-Jun-092Q0935315922272
1Q09116.6839.878.14184.0131-Mar-091Q0922011325228
4Q08111.7936.779.29173.9731-Dec-084Q0833113329178
3Q08224.9264.6917.37174.1230-Sep-083Q0851924237307
2Q08248.1765.8820.93308.2830-Jun-082Q0852524839442
1Q08179.1067.9819.67220.1631-Mar-081Q0855918832294
4Q07324.8378.0737.95361.931-Dec-074Q0765921134370
3Q07407.3887.8429.31422.3230-Sep-073Q0768326645434
2Q07581.7673.7726.52518.7530-Jun-072Q07103322437525
1Q07372.8448.7216.72303.0631-Mar-071Q0788219333372
4Q06401.4664.7319.02372.1731-Dec-064Q0683625132427
3Q06376.7959.1215.14244.8530-Sep-063Q0682024139384
2Q06532.2872.5823.19270.1630-Jun-062Q06101228442423
1Q06361.9633.826.65333.7631-Mar-061Q0673117821362
4Q05416.4540.8517.55360.8931-Dec-054Q05019937445
3Q05344.8741.2011.66294.5330-Sep-053Q05021228417
2Q05459.2942.9614.34358.2930-Jun-052Q05021938465
1Q05273.9723.397.29248.1431-Mar-051Q05013926327
4Q04371.3844.9215.35293.931-Dec-044Q04016925477
3Q04310.1538.1215.43213.1330-Sep-043Q04017231351
2Q04460.6832.3510.59231.0630-Jun-042Q04017328364
1Q04205.4920.624.69128.2131-Mar-041Q04013117292
4Q03244.3627.5912.15161.5131-Dec-034Q03014940320
3Q03200.5319.634.30133.1330-Sep-033Q03014218251
2Q03300.3020.136.57189.3330-Jun-032Q03012921258
1Q03184.7113.042.19129.0331-Mar-031Q0309617250
4Q02198.7724.796.46140.0531-Dec-024Q02013325267
3Q02230.7221.303.58109.7730-Sep-023Q02011814271
2Q02355.5220.246.38176.5630-Jun-022Q02010914314
1Q02184.3416.743.99102.6531-Mar-021Q0208717257
4Q01244.1318.584.74120.4331-Dec-014Q01010421247
3Q01256.5525.586.8289.5930-Sep-013Q01010716208
2Q01393.1618.615.12157.4230-Jun-012Q010000
1Q01213.6022.894.4288.931-Mar-011Q0108613213
4Q00259.040.000.00164.5431-Dec-004Q00000286
3Q00305.920.000.00123.9330-Sep-003Q00000196
2Q00349.900.000.00186.630-Jun-002Q00000276
1Q00215.750.000.00110.9231-Mar-001Q00000219
Output
US
AsiaPac (ex-Japan)
Australia
EMEA
Syndicated Loan Volumes (US$bn)
US Quarterly Loan Volume
US
AsiaPac (ex-Japan)
Australia
EMEA
Period (Qtr)
Deals per Quarter
Syndicated Loan Transactions (Deals per Qtr)
AsiaPac (ex.Jap)
Historical Data - US: Quarterly US Syndicated Loan Volume
Vol. by Segment (US$bn)Number of DealsNo. of Deals
QuarterI-GradeLeveragedOtherTotalQuarterLeveragedI-GradeQuarterSponsoredLBOs Total
1Q20189.36245.3672.95507.661Q20413911Q2021951774
4Q19192.15224.72101.79518.674Q194401044Q1921254810
3Q19215.65198.5088.30502.443Q19445913Q1923565836
2Q19326.96217.29103.14647.382Q195161432Q1925266977
1Q19216.87167.3362.87447.081Q193741011Q1918345703
4Q18295.91279.6984.12659.734Q185471434Q18253601003
3Q18198.50203.5486.34488.383Q18472963Q1827162901
2Q18326.53413.55130.27870.342Q186871282Q18344571216
1Q18214.26343.0664.59621.921Q185761001Q18313521041
4Q17230.48339.6683.19653.334Q176371304Q17310641141
3Q17181.24292.0865.33538.653Q17576893Q17307781050
2Q17265.70365.6372.63703.962Q176481202Q17313681149
1Q17143.32404.8056.23604.351Q17618881Q17302591067
4Q16252.77273.9255.99582.684Q165271154Q1627462978
3Q16156.65220.6562.72440.023Q16486883Q1621055839
2Q16287.67247.4275.08610.172Q164911332Q1622653903
1Q16164.17133.3259.03356.531Q163631051Q1614236646
4Q15249.18158.2189.24496.634Q153891484Q1515941737
3Q15248.27217.7970.36536.423Q154561213Q1520560842
2Q15197.39266.94110.11574.442Q155761222Q15257601015
1Q15178.02140.4065.33383.751Q15400991Q1516744710
4Q14266.72194.10118.68579.514Q145441454Q1422565979
3Q14195.53193.0063.87452.413Q145471383Q1421052947
2Q14254.83260.3382.73597.892Q146191292Q14262561066
1Q14121.09292.6365.80479.521Q14591951Q14283501019
4Q13226.46257.2567.26550.984Q136521244Q13242421060
3Q13225.94217.7972.28516.013Q135991323Q1322837996
2Q13171.03353.6677.39602.082Q137571122Q13338421249
1Q13125.29306.5337.65469.471Q13540891Q1323924892
4Q12174.77232.8283.39490.994Q126561214Q12356801213
3Q12140.83128.5868.40337.813Q12411993Q1219149750
2Q12179.09144.8976.54400.522Q124311352Q1222237825
1Q12114.93158.1373.32346.391Q12418981Q1216436716
4Q11255.77101.19105.58462.544Q113591994Q1114842748
3Q11218.37113.38101.12432.873Q113961543Q1118054784
2Q11225.20177.05166.24568.482Q114451572Q1124643891
1Q11146.06173.9273.89393.861Q11396991Q1121139745
4Q10116.13115.51116.79348.434Q10340944Q1022659719
3Q1083.9385.2276.25245.413Q10254833Q1012954520
2Q10129.17101.2993.25323.712Q10328832Q1015141603
1Q1056.4774.0037.69168.161Q10238511Q109021400
4Q0963.4084.5726.31174.284Q09313594Q097925476
3Q0932.8050.1814.7197.683Q09206423Q094411303
2Q0967.3771.6919.41158.472Q09237592Q09489353
1Q0965.3932.7718.52116.681Q09150371Q09276220
4Q0858.3438.0015.46111.794Q08219604Q083517331
3Q0892.00100.8532.07224.923Q08342573Q088832519
2Q0895.2491.6161.32248.172Q08319752Q088942525
1Q0873.2063.9941.91179.101Q08322661Q0811556559
4Q07124.22130.9469.67324.834Q073321294Q0713761659
3Q07183.48129.7794.13407.383Q073561113Q0715363683
2Q07255.69219.04107.04581.762Q075351502Q07251971033
1Q0794.36208.7569.73372.841Q07495711Q0723878882
4Q06133.90190.5776.99401.464Q064561404Q0618357836
3Q06174.22121.9180.65376.793Q064541363Q0617060820
2Q06265.63168.3398.31532.282Q065461722Q06226681012
1Q06147.54131.2683.16361.961Q06432901Q0616346731
4Q05172.27136.10108.08416.45
3Q05163.74109.4471.69344.87
2Q05221.88140.7996.62459.29
1Q05111.45114.5048.02273.97
4Q04166.59135.2269.56371.38
3Q04114.48125.6070.06310.15
2Q04244.95133.9381.79460.68
1Q0486.0085.6933.80205.49
4Q03105.8393.5644.96244.36
3Q0387.4972.8440.20200.53
2Q03163.2682.0854.96300.30
1Q0362.6080.0842.02184.71
4Q0291.6862.4544.64198.77
3Q02116.4362.1552.14230.72
2Q02202.9381.2171.38355.52
1Q0291.0858.7234.54184.34
4Q01160.4336.8446.86244.13
3Q01137.9649.7268.87256.55
2Q01249.8672.2471.06393.16
1Q01123.2556.9933.36213.60
4Q00137.3560.6361.06259.04
3Q00159.7371.2174.98305.92
2Q00207.9080.8361.17349.90
1Q0099.0077.3839.37215.75
Note: The "Other" category is comprised of loans that do not easily fall under either Investment Grade or Leveraged according to LPC's criteria.
[CP] GS:LoanMarketSeg
[CP] GS:USSynd
[CP] GS:Primary
[PL] NAMZ
[PL] usa
[CP] GS:InvestGrade
[CP] GS:Analytic
[CP] GS:Leveraged
[CP] GS:Volume
AsiaPac (ex.Jap)
&A
Page &P
I-Grade
Leveraged
Other
Loan Volume (US$bn)
Australia
QuarterYearQuarter Volume (US$m)Number of Deals
1-Mar-01Q1011Q0122.8986
30-Jun-01Q2012Q0118.61100
30-Sep-01Q3013Q0125.58107
31-Dec-01Q4014Q0118.58104
31-Mar-02Q1021Q0216.7487
30-Jun-02Q2022Q0220.24109
30-Sep-02Q3023Q0221.30118
31-Dec-02Q4024Q0224.79133
31-Mar-03Q1031Q0313.0496
30-Jun-03Q2032Q0320.13129
30-Sep-03Q3033Q0319.63142
31-Dec-03Q4034Q0327.59149
31-Mar-04Q1041Q0420.62131
30-Jun-04Q2042Q0432.35173
30-Sep-04Q3043Q0438.12172
31-Dec-04Q4044Q0444.92169
31-Mar-05Q1051Q0523.39139
30-Jun-05Q2052Q0542.96219
30-Sep-05Q3053Q0541.20212
31-Dec-05Q4054Q0540.85199
31-Mar-06Q1061Q0633.82178
30-Jun-06Q2062Q0672.58284
30-Sep-06Q3063Q0659.12241
31-Dec-06Q4064Q0664.73251
31-Mar-07Q1071Q0748.72193
30-Jun-07Q2072Q0773.77224
30-Sep-07Q3073Q0787.84266
31-Dec-07Q4074Q0778.07211
31-Mar-08Q1081Q0867.98188
30-Jun-08Q2082Q0865.88248
30-Sep-08Q3083Q0864.69242
31-Dec-08Q4084Q0836.77133
31-Mar-09Q1091Q0939.87113
30-Jun-09Q2092Q0932.18159
30-Sep-09Q3093Q0944.53185
31-Dec-09Q4094Q0954.35198
31-Mar-10Q1101Q1047.46182
30-Jun-10Q2102Q1077.77251
30-Sep-10Q3103Q1058.52252
31-Dec-10Q4104Q1084.79258
31-Mar-11Q1111Q1174.11246
30-Jun-11Q2112Q1198.79299
30-Sep-11Q3113Q1194.62300
31-Dec-11Q4114Q1173.97236
31-Mar-12Q1121Q1262.21231
30-Jun-12Q2122Q1280.17273
30-Sep-12Q3123Q1277.91253
31-Dec-12Q4124Q1286.36267
31-Mar-13Q1131Q1387.07261
30-Jun-13Q2132Q13124.50348
30-Sep-13Q3133Q13107.35330
31-Dec-13Q4134Q13142.98350
31-Mar-14Q1141Q14111.00424
30-Jun-14Q2142Q14141.43446
30-Sep-14Q3143Q14131.64444
31-Dec-14Q4144Q14138.85336
31-Mar-15Q1151Q15110.79389
30-Jun-15Q2152Q15131.16370
30-Sep-15Q3153Q15124.28334
31-Dec-15Q4154Q15105.04317
31-Mar-16Q1161Q16107.15371
30-Jun-16Q2162Q16137.02354
30-Sep-16Q3163Q16115.46314
31-Dec-16Q4164Q16103.14251
31-Mar-17Q1171Q1796.86359
30-Jun-17Q2172Q17136.10340
30-Sep-17Q3173Q1794.34282
31-Dec-17Q4174Q17118.02264
31-Mar-18Q1181Q18125.12352
30-Jun-18Q2182Q18130.43348
30-Sep-18Q3183Q18104.72255
31-Dec-18Q4184Q18124.56248
31-Mar-19Q1191Q19113.79377
30-Jun-19Q2192Q19121.79349
30-Sep-19Q3193Q19115.85308
31-Dec-19Q4194Q19112.81293
31-Mar-20Q1201Q2068.93221
Chart shows quarterly US syndicated loan volume broken out by Leveraged, Investment Grade and "Other," which are loans not easily classifiable as either of the first two categories according to LPC's criteria.
Suggested Dealscan SearchBorrower: [Major Industry Group: Exclude: Real Estate]
Tranche: [Country Of Syndication: United States, Bermuda] [League Table Credit: Yes] [League Table Tranche Date: (Adjust accordingly)] [Distribution Method: Syndication]
Run the above criteria in a Totals & Averages report, then filter by "Quarter" & "Market Segment"
EMEA
QuarterYearQuarter Volume (US$m)Number of Deals
1-Mar-01Q1011Q014.42113
30-Jun-01Q2012Q015.12418
30-Sep-01Q3013Q016.820916
31-Dec-01Q4014Q014.739921
31-Mar-02Q1021Q023.9917
30-Jun-02Q2022Q026.38414
30-Sep-02Q3023Q023.5814
31-Dec-02Q4024Q026.46225
31-Mar-03Q1031Q032.18817
30-Jun-03Q2032Q036.57421
30-Sep-03Q3033Q034.30418
31-Dec-03Q4034Q0312.15440
31-Mar-04Q1041Q044.69217
30-Jun-04Q2042Q0410.58828
30-Sep-04Q3043Q0415.43431
31-Dec-04Q4044Q0415.35125
31-Mar-05Q1051Q057.28726
30-Jun-05Q2052Q0514.33538
30-Sep-05Q3053Q0511.66128
31-Dec-05Q4054Q0517.5537
31-Mar-06Q1061Q066.65421
30-Jun-06Q2062Q0623.19442
30-Sep-06Q3063Q0615.143139
31-Dec-06Q4064Q0619.016932
31-Mar-07Q1071Q0716.719233
30-Jun-07Q2072Q0726.522937
30-Sep-07Q3073Q0729.307545
31-Dec-07Q4074Q0737.947434
31-Mar-08Q1081Q0819.66632
30-Jun-08Q2082Q0820.92639
30-Sep-08Q3083Q0817.3737
31-Dec-08Q4084Q089.29429
31-Mar-09Q1091Q098.14125
30-Jun-09Q2092Q096.71622
30-Sep-09Q3093Q0916.18530
31-Dec-09Q4094Q0922.39935
31-Mar-10Q1101Q105.476417
30-Jun-10Q2102Q1017.207437
30-Sep-10Q3103Q1011.358430
31-Dec-10Q4104Q1030.369145
31-Mar-11Q1111Q1117.965837
30-Jun-11Q2112Q1126.04553
30-Sep-11Q3113Q1131.144961
31-Dec-11Q4114Q1132.046360
31-Mar-12Q1121Q1213.834631
30-Jun-12Q2122Q1222.76248
30-Sep-12Q3123Q1215.914435
31-Dec-12Q4124Q1227.62733
31-Mar-13Q1131Q139.492622
30-Jun-13Q2132Q1329.84869
30-Sep-13Q3133Q1313.53837
31-Dec-13Q4134Q1347.020189
31-Mar-14Q1141Q1413.917436
30-Jun-14Q2142Q1434.872466
30-Sep-14Q3143Q1422.439542
31-Dec-14Q4144Q1434.778554
31-Mar-15Q1151Q159.850927
30-Jun-15Q2152Q1526.647553
30-Sep-15Q3153Q1520.701457
31-Dec-15Q4154Q1522.25348
31-Mar-16Q1161Q1615.278933
30-Jun-16Q2162Q1614.276436
30-Sep-16Q3163Q1613.910133
31-Dec-16Q4164Q1629.331146
31-Mar-17Q1171Q1710.065135
30-Jun-17Q2172Q1730.089467
30-Sep-17Q3173Q1721.823351
31-Dec-17Q4174Q1719.789248
31-Mar-18Q1181Q1816.90342
30-Jun-18Q2182Q1836.411274
30-Sep-18Q3183Q1816.497937
31-Dec-18Q4184Q1825.721850
31-Mar-19Q1191Q1917.442744
30-Jun-19Q2192Q1920.25759
30-Sep-19Q3193Q1915.334342
31-Dec-19Q4194Q1922.918261
31-Mar-20Q1201Q209.459531
QuarterYearQuarterVol. (US$bn)No. of Deals
1-Mar-20Q1201Q20143.56222
31-Dec-19Q4194Q19268.18361
30-Sep-19Q3193Q19220.09457
30-Jun-19Q2192Q19253.17451
31-Mar-19Q1191Q19243.03385
31-Dec-18Q4184Q18258.62379
30-Sep-18Q3183Q18204.99407
30-Jun-18Q2182Q18280.9489
31-Mar-18Q1181Q18305.43389
31-Dec-17Q4174Q17214.21290
30-Sep-17Q3173Q17181.86335
30-Jun-17Q2172Q17230.89428
31-Mar-17Q1171Q17267.21408
31-Dec-16Q4164Q16241.89323
30-Sep-16Q3163Q16209.22414
30-Jun-16Q2162Q16267.47467
31-Mar-16Q1161Q16195.53386
31-Dec-15Q4154Q15408.2430
30-Sep-15Q3153Q15220.51463
30-Jun-15Q2152Q15265.11523
31-Mar-15Q1151Q15269.12425
31-Dec-14Q4144Q14265.4386
30-Sep-14Q3143Q14299.41461
30-Jun-14Q2142Q14392.99489
31-Mar-14Q1141Q14209.15345
31-Dec-13Q4134Q13240.95340
30-Sep-13Q3133Q13237.7391
30-Jun-13Q2132Q13214.04387
31-Mar-13Q1131Q13237.57352
31-Dec-12Q4124Q12153.69269
30-Sep-12Q3123Q12160.63300
30-Jun-12Q2122Q12224.57362
31-Mar-12Q1121Q12164.4292
31-Dec-11Q4114Q11249.58315
30-Sep-11Q3113Q11260.13386
30-Jun-11Q2112Q11287.53429
31-Mar-11Q1111Q11237.45340
31-Dec-10Q4104Q10282.61328
30-Sep-10Q3103Q10238.38306
30-Jun-10Q2102Q10233.86343
31-Mar-10Q1101Q10155.13259
31-Dec-09Q4094Q09154.06235
30-Sep-09Q3093Q09111.8252
30-Jun-09Q2092Q09198.25272
31-Mar-09Q1091Q09184.01228
31-Dec-08Q4084Q08173.97178
30-Sep-08Q3083Q08174.12307
30-Jun-08Q2082Q08308.28442
31-Mar-08Q1081Q08220.16294
31-Dec-07Q4074Q07361.9370
30-Sep-07Q3073Q07422.32434
30-Jun-07Q2072Q07518.75525
31-Mar-07Q1071Q07303.06372
31-Dec-06Q4064Q06372.17427
30-Sep-06Q3063Q06244.85384
30-Jun-06Q2062Q06270.16423
31-Mar-06Q1061Q06333.76362
31-Dec-05Q4054Q05360.89445
30-Sep-05Q3053Q05294.53417
30-Jun-05Q2052Q05358.29465
31-Mar-05Q1051Q05248.14327
31-Dec-04Q4044Q04293.9477
30-Sep-04Q3043Q04213.13351
30-Jun-04Q2042Q04231.06364
31-Mar-04Q1041Q04128.21292
31-Dec-03Q4034Q03161.51320
30-Sep-03Q3033Q03133.13251
30-Jun-03Q2032Q03189.33258
31-Mar-03Q1031Q03129.03250
31-Dec-02Q4024Q02140.05267
30-Sep-02Q3023Q02109.77271
30-Jun-02Q2022Q02176.56314
31-Mar-02Q1021Q02102.65257
31-Dec-01Q4014Q01120.43247
30-Sep-01Q3013Q0189.59208
30-Jun-01Q2012Q01157.42287
31-Mar-01Q1011Q0188.9213
31-Dec-00Q4004Q00164.54286
30-Sep-00Q3003Q00123.93196
30-Jun-00Q2002Q00186.6276
31-Mar-00Q1001Q00110.92219
-
9© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Debt market pricing factoring in liquidity and risk premium― BBB rated credits spiked in early March as
borrowers are concerned about own cost of funds and potential financial impact on borrowers
― Peak in late March with spreads reaching as high as 250bps (US) and then rebounding with a sell off of up to 75bps as government stimulus kicks in
― Mid-market borrowers also experiencing similar trends
― Businesses available to demonstrate maintenance of credit profile can preserve pre COVID pricing
Chart1
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438904389043890
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438304383043830
437994379943799
437694376943769
437384373843738
437084370843708
436774367743677
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436164361643616
435854358543585
435554355543555
435244352443524
434964349643496
434654346543465
434344343443434
434044340443404
433734337343373
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433124331243312
432814328143281
432514325143251
432204322043220
431904319043190
431594315943159
431314313143131
431004310043100
430694306943069
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430084300843008
429784297842978
429474294742947
429164291642916
428864288642886
428554285542855
428254282542825
427944279442794
427664276642766
427354273542735
427044270442704
426744267442674
426434264342643
426134261342613
425824258242582
425514255142551
425214252142521
424904249042490
424604246042460
424294242942429
424004240042400
423694236942369
423384233842338
423084230842308
422774227742277
422474224742247
422164221642216
421854218542185
421554215542155
421244212442124
420944209442094
420634206342063
420354203542035
420044200442004
419734197341973
419434194341943
419124191241912
418824188241882
418514185141851
418204182041820
417904179041790
417594175941759
417294172941729
416984169841698
416704167041670
416394163941639
416084160841608
415784157841578
415474154741547
415174151741517
414864148641486
414554145541455
414254142541425
413944139441394
413644136441364
413334133341333
413054130541305
412744127441274
412434124341243
412134121341213
411824118241182
411524115241152
411214112141121
410904109041090
410604106041060
410294102941029
409994099940999
409684096840968
409394093940939
409084090840908
408774087740877
408474084740847
408164081640816
407864078640786
407554075540755
407244072440724
406944069440694
406634066340663
406334063340633
406024060240602
405744057440574
405434054340543
405124051240512
404824048240482
404514045140451
404214042140421
403904039040390
403594035940359
403294032940329
402984029840298
402684026840268
402374023740237
402094020940209
401784017840178
401474014740147
401174011740117
400864008640086
400564005640056
400254002540025
399943999439994
AUS BBB 5-Year Spread
EUR BBB 5-Year Spread
US BBB 5-Year Spread
Spread (%)
5-Year BBB Spreads
1.648
1.5211
1.7523
1.69475
1.7925
2.4911
1.16287
0.6095
0.9336
1.069
0.487
0.805
1.0827
0.5155
0.822
1.037
0.6139
0.9824
1.039
0.4756
0.9217
1.0943
0.5645
1.0524
1.17625
0.5
1.1044
1.0865
0.3895
1.0114
1.1595
0.4725
1.0573
1.098
0.564
1.134
1.09475
0.4198
0.9572
1.209
0.5244
1.0525
1.0812
0.6166
1.1903
1.21038
0.7733
1.172
1.281
0.7641
1.3658
1.24688
0.6785
1.1731
1.2203
0.5395
0.975
1.21213
0.491
0.9136
1.216
0.4876
0.9489
1.392705
0.456
0.94
1.357086
0.5112
1.0041
1.26603
0.4475
0.9194
1.192819
0.3205
0.8849
1.104
0.3008
0.878
1.015
0.1725
0.7239
1.023
0.1855
0.7304
1.062625
0.249
0.7844
1.10225
0.2505
0.8518
1.2095
0.2014
0.7866
1.2705
0.3017
0.8892
1.3315
0.304
0.9318
1.3885
0.251
0.8785
1.4275
0.3985
0.9765
1.4665
0.3647
0.9737
1.498
0.381
0.9785
1.5295
0.4425
0.966
1.55
0.369
0.9765
1.782
0.466
1.0273
1.832
0.412
1.0697
1.882
0.458
1.2575
1.935
0.3626
1.1896
2.148
0.349
1.2411
2.2472
0.351
1.1879
2.2839
0.368
1.2072
2.3206
0.519
1.413
2.2551
0.6158
1.369
2.3152
0.558
1.4117
2.3142
0.612
1.6027
2.487
0.8765
1.8582
2.3305
0.8645
1.7517
2.1367
0.7272
1.4928
2.124
0.7341
1.5166
1.9585
0.7751
1.5012
1.8655
0.854
1.516
1.75
0.6742
1.4595
1.7202
0.6165
1.1955
1.6375
0.6895
1.1882
1.4645
0.518
1.0655
1.5175
0.5461
1.0264
1.449
0.5505
0.976
1.437
0.447
0.914
1.5255
0.538
1.0355
1.496
0.5919
1.0275
1.494
0.6251
0.9527
1.434
0.631
0.8832
1.422
0.651
0.7427
1.4615
0.6265
0.6917
1.495
0.646
0.6652
1.553
0.7138
0.7362
1.6045
0.7
0.7575
1.396
0.6924
0.7205
1.4451
0.7902
0.822
1.45
0.8211
0.9085
1.5197
0.904
0.9625
1.7123
0.9109
1.0465
1.7389
0.958
1.182
1.7009
0.941
1.2135
1.7754
1.087
1.25
1.9014
1.026
1.163
1.9395
1.1967
1.1405
2.1259
1.291
1.3092
1.9555
1.08
1.1435
2.0056
1.207
1.215
2.0705
1.333
1.237
2.1524
1.433
1.2697
2.3043
1.4365
1.2697
2.2992
1.433
1.3895
2.3828
1.522
1.3955
2.4554
1.5695
1.2615
2.3561
1.677
1.461
2.4962
1.255
1.45
2.6005
1.286
1.5825
2.5449
1.457
1.687
2.6565
1.5908
1.57
2.7035
1.6617
1.513
2.7056
1.5247
1.522
2.7043
1.572
1.4955
2.8637
1.913
1.641
2.4897
1.975
1.6995
2.5165
2.079
1.777
2.7651
1.929
1.6325
2.7647
1.991
1.855
2.4679
1.733
1.5835
2.3782
1.188
1.1065
2.3023
1.16
1.274
2.5205
0.9845
1.096
2.5522
0.94
1.102
2.7879
1.004
1.1895
2.8071
1.085
1.146
2.8378
1.187
1.3055
2.8815
1.148
1.3775
2.8509
1.26
1.4849
2.8323
1.2095
1.432
2.6658
1.272
1.6127
2.5518
1.256
1.5379
2.9012
1.22
1.5068
2.8544
1.353
1.4678
3.1157
1.377
1.312
2.7641
1.038
1.0725
2.9181
1.0615
1.158
3.0328
1.089
1.18
3.0657
1.0257
1.1745
2.9088
1.05
1.271
2.8185
1.069
1.5947
2.9541
1.322
1.544
2.9283
1.4805
1.6205
2.5961
1.437
1.6492
2.5219
1.508
1.74
2.9621
2.021
2.451
Summary
AUS BBB 5-Year SpreadEUR BBB 5-Year SpreadUS BBB 5-Year SpreadAus 5-year BBBEUR 5-year BBBUS 5-year BBBAus 5-year SwapEUR 5-year SwapUS 5-year Swap
24-Apr-201.651.521.752.191.2852.20.55-0.23610.4477
31-Mar-201.691.792.492.231.5583.0190.54-0.23450.5279
29-Feb-201.160.610.931.870.2381.9320.70-0.37150.9984
31-Jan-201.070.490.811.840.1892.1880.77-0.2981.383
31-Dec-191.080.520.822.280.4052.5311.20-0.11051.709
30-Nov-191.040.610.981.970.3852.5610.94-0.22891.5786
31-Oct-191.040.480.922.130.2142.4761.09-0.26161.5543
30-Sep-191.090.561.052.000.1572.5750.91-0.40751.5226
31-Aug-191.180.501.102.01-0.0272.4610.83-0.5271.3566
31-Jul-191.090.391.012.110.0462.8071.02-0.34351.7956
30-Jun-191.160.471.062.360.2432.8181.20-0.22951.7607
31-May-191.100.561.132.480.4683.0851.38-0.0961.951
30-Apr-191.090.420.962.740.4583.3051.650.03822.3478
31-Mar-191.210.521.052.900.5383.3381.700.01362.2855
28-Feb-191.080.621.193.130.7863.7162.040.16942.5257
31-Jan-191.210.771.173.330.8963.7382.120.12272.566
31-Dec-181.280.761.373.500.9623.9792.220.19792.6132
30-Nov-181.250.681.173.700.9534.1492.450.27452.9759
31-Oct-181.220.540.983.650.8924.0972.430.35253.122
30-Sep-181.210.490.913.690.8833.9632.480.3923.0494
31-Aug-181.220.490.953.560.7613.8252.350.27342.8761
31-Jul-181.390.460.943.900.7883.9022.510.3322.962
30-Jun-181.360.511.003.860.7743.8792.500.26282.8749
31-May-181.270.450.923.820.7483.7552.560.30052.8356
30-Apr-181.190.320.883.800.7073.7992.610.38652.9141
31-Mar-181.100.300.883.620.6653.5862.510.36422.708
28-Feb-181.020.170.723.600.6273.5122.580.45452.7881
31-Jan-181.020.190.733.630.663.2992.610.47452.5686
31-Dec-171.060.250.783.540.5653.0410.000.3162.2566
30-Nov-171.100.250.853.450.4743.0212.340.22352.1692
31-Oct-171.210.200.793.650.3962.8692.440.19462.0824
30-Sep-171.270.300.893.720.5512.8620.000.24931.9728
31-Aug-171.330.300.933.780.4652.7222.450.1611.7902
31-Jul-171.390.250.883.820.5312.7822.430.281.9035
30-Jun-171.430.400.983.750.6742.8890.000.27551.9125
31-May-171.470.360.973.670.5292.8172.210.16431.8433
30-Apr-171.500.380.983.860.5732.9230.000.1921.9445
31-Mar-171.530.440.974.050.6263.0392.520.18352.073
28-Feb-171.550.370.984.150.4472.9772.600.0782.0005
31-Jan-171.780.471.034.320.6543.0412.530.1882.0137
31-Dec-161.830.411.074.360.4893.0710.000.0772.0013
30-Nov-161.880.461.264.400.5453.0462.520.0871.7885
31-Oct-161.930.361.194.100.3742.5322.170.01141.3424
30-Sep-162.150.351.244.090.2092.3851.94-0.141.1439
31-Aug-162.250.351.194.080.2282.3951.83-0.1231.2071
31-Jul-162.280.371.214.190.2162.330.00-0.1521.1228
30-Jun-162.320.521.414.300.4422.4411.98-0.0771.028
31-May-162.260.621.374.390.6222.7472.140.00621.378
30-Apr-162.320.561.414.670.6312.6852.350.0731.2733
31-Mar-162.310.611.604.650.6352.8112.330.0231.2083
29-Feb-162.490.881.864.700.84432.21-0.03251.1418
31-Jan-162.330.861.754.670.9423.0612.340.07751.3093
31-Dec-152.140.731.494.761.0593.2382.620.33181.7452
30-Nov-152.120.731.524.670.9063.1192.550.17191.6024
31-Oct-151.960.781.504.321.0463.0062.360.27091.5048
30-Sep-151.870.851.524.241.2012.952.380.3471.434
31-Aug-151.750.671.464.211.1423.0812.460.46781.6215
31-Jul-151.720.621.204.251.0152.9632.530.39851.7675
30-Jun-151.640.691.194.411.192.9662.770.50051.7778
31-May-151.460.521.074.000.8682.7152.540.351.6495
30-Apr-151.520.551.034.040.8392.5952.520.29291.5686
31-Mar-151.450.550.983.740.7952.5272.290.24451.551
28-Feb-151.440.450.913.850.7152.6142.410.2681.7
31-Jan-151.530.541.043.940.8392.4322.420.3011.3965
31-Dec-141.500.591.034.170.952.8022.670.35811.7745
30-Nov-141.490.630.954.491.0222.6123.000.39691.6593
31-Oct-141.430.630.884.621.0682.6313.190.4371.7478
30-Sep-141.420.650.744.721.0972.7043.300.4461.9613
31-Aug-141.460.630.694.641.132.4663.180.50351.7743
31-Jul-141.500.650.674.781.2942.5663.280.6481.9008
30-Jun-141.550.710.744.841.3682.443.290.65421.7038
31-May-141.600.700.764.961.4622.373.360.7621.6125
30-Apr-141.400.690.724.941.6082.5423.550.91561.8215
31-Mar-141.450.790.825.161.7622.6653.710.97181.843
28-Feb-141.450.820.915.051.8212.5153.600.99991.6065
31-Jan-141.520.900.965.171.9192.5873.651.0151.6245
31-Dec-131.710.911.055.482.172.823.771.25911.7735
30-Nov-131.740.961.185.542.0122.6643.801.0541.482
31-Oct-131.700.941.215.452.042.6353.751.0991.4215
30-Sep-131.781.091.255.382.3052.7923.601.2181.542
31-Aug-131.901.031.165.522.3912.9363.621.3651.773
31-Jul-131.941.201.145.312.3592.7083.371.16231.5675
30-Jun-132.131.291.315.712.5122.8223.591.2211.5128
31-May-131.961.081.145.302.0132.3083.350.9331.1645
30-Apr-132.011.211.225.281.9582.0323.270.7510.817
31-Mar-132.071.331.245.632.2532.1853.560.920.948
28-Feb-132.151.431.275.562.3512.1973.410.9180.9273
31-Jan-132.301.441.275.752.6242.2763.451.18751.0063
31-Dec-122.301.431.395.592.2032.233.290.770.8405
30-Nov-122.381.521.405.722.3742.1613.340.8520.7655
31-Oct-122.461.571.265.742.5242.1333.290.95450.8715
30-Sep-122.361.681.465.652.6242.2093.290.9470.748
31-Aug-122.501.261.455.922.1892.3093.420.9340.859
31-Jul-122.601.291.586.092.3062.3823.491.020.7995
30-Jun-122.541.461.696.162.7632.6543.621.3060.967
31-May-122.661.591.576.082.762.6163.431.16921.046
30-Apr-122.701.661.516.783.0822.6244.081.42031.111
31-Mar-122.711.521.527.123.1162.7694.411.59131.247
29-Feb-122.701.571.507.243.1222.5984.531.551.1025
31-Jan-122.861.911.647.073.4472.694.211.5341.049
31-Dec-112.491.981.706.793.682.9724.301.7051.2725
30-Nov-112.522.081.786.904.1183.1174.382.0391.34
31-Oct-112.771.931.637.413.7913.0014.641.8621.3685
30-Sep-112.761.991.867.223.9573.14.461.9661.245
31-Aug-112.471.731.587.253.9162.8164.792.1831.2325
31-Jul-112.381.191.117.563.6682.8355.182.481.7285
30-Jun-112.301.161.277.823.9773.225.522.8171.946
31-May-112.520.981.107.993.7593.0715.472.77451.975
30-Apr-112.550.941.108.283.9663.2775.733.0262.175
31-Mar-112.791.001.198.474.13.5935.683.0962.4035
28-Feb-112.811.091.158.573.9053.5015.762.822.355
31-Jan-112.841.191.318.564.0213.4685.722.8342.1625
31-Dec-102.881.151.388.753.6393.595.862.4912.2125
30-Nov-102.851.261.488.573.5543.2175.722.2941.7321
31-Oct-102.831.211.438.333.3642.9175.502.15451.485
30-Sep-102.671.271.618.123.2393.095.461.9671.4773
31-Aug-102.551.261.547.492.9643.1234.941.7081.5851
31-Jul-102.901.221.518.153.3613.3095.252.1411.8022
30-Jun-102.851.351.478.093.4243.5345.242.0712.0662
31-May-103.121.381.318.603.5023.7415.482.1252.429
30-Apr-102.761.041.078.673.3583.7355.902.322.6625
31-Mar-102.921.061.168.783.453.9145.862.38852.756
28-Feb-103.031.091.188.623.5363.8035.592.4472.623
31-Jan-103.071.031.178.643.6143.8675.572.58832.6925
31-Dec-092.911.051.278.753.8594.2095.852.8092.938
30-Nov-092.821.071.598.563.7363.9515.742.6672.3563
31-Oct-092.951.321.548.794.0764.2725.842.7542.728
30-Sep-092.931.481.628.764.1924.3135.832.71152.6925
31-Aug-092.601.441.658.424.1854.4335.822.7482.7838
31-Jul-092.521.511.748.164.264.7455.642.7523.005
30-Jun-092.962.022.458.504.8875.3815.542.8662.93
xxxx0.00000.0000xxxxxxxxxxxxxxx
Summary
AUS BBB 5-Year Spread
EUR BBB 5-Year Spread
US BBB 5-Year Spread
Spread (%)
5-Year BBB Spreads
Request Builder
START-OF-FILEUS 5 year swapUS 5 Year IndexAus 5 year SwapAus 5 year BBBEur 5 year SwapEUR 5 year IndexGBP 5 year swapGBP 5 year Index
RUNDATE=20200427USSWAP5 CMPT CurncyIGUUBC05 IndexUSD 5Y SpreadADSWAP5 CurncyBVCSAB05 IndexAUD 5Y SpreadEUSA5 CurncyBVCSBC05 IndexEUR 5Y SpreadBPSW5 CurncyBVCSGU05 IndexGBP 5Y SpreadSTART SECURITYADSWAP5 CurncyPX_LASTSTART SECURITYEUSA5 CurncyPX_LASTSTART SECURITYBPSW5 CurncyPX_LASTSTART SECURITYBVCSBC05 IndexPX_LASTSTART SECURITYIGUUBC05 IndexPX_LASTSTART SECURITYBVCSGU05 IndexPX_LAST
PROGRAMFLAG=oneshotSTART SECURITYBVCSAB05 IndexPX_LAST1/2/064.878005.725003.2595004.6800ADSWAP5 Curncy1/2/065.725EUSA5 Curncy1/2/063.2595BPSW5 Curncy1/2/064.68BVCSBC05 Index4/26/190.46IGUUBC05 Index4/26/193.316BVCSGU05 Index4/26/192.023
FIRMNAME=dl351954BVCSAB05 Index4/26/192.7451/3/064.874005.669003.2376004.5600ADSWAP5 Curncy1/3/065.669EUSA5 Curncy1/3/063.2376BPSW5 Curncy1/3/064.56BVCSBC05 Index4/29/190.46IGUUBC05 Index4/29/193.332BVCSGU05 Index4/29/192.021
COMPRESS=yesBVCSAB05 Index4/29/192.7651/4/064.8135005.635003.1396004.5162500ADSWAP5 Curncy1/4/065.635EUSA5 Curncy1/4/063.1396BPSW5 Curncy1/4/064.51625BVCSBC05 Index4/30/190.458IGUUBC05 Index4/30/193.305BVCSGU05 Index4/30/192.039
FILETYPE=pcBVCSAB05 Index4/30/192.7411/5/064.8025005.635003.131004.53500ADSWAP5 Curncy1/5/065.635EUSA5 Curncy1/5/063.131BPSW5 Curncy1/5/064.535BVCSBC05 Index5/2/190.454IGUUBC05 Index5/1/193.32BVCSGU05 Index5/1/192.018
REPLYFILENAME=2704DHpresentation.csvBVCSAB05 Index5/1/192.7191/6/064.801005.65003.1363004.562500ADSWAP5 Curncy1/6/065.65EUSA5 Curncy1/6/063.1363BPSW5 Curncy1/6/064.5625BVCSBC05 Index5/3/190.45IGUUBC05 Index5/2/193.374BVCSGU05 Index5/2/192.028
DATEFORMAT=ddmmyyyyBVCSAB05 Index5/2/192.721/9/064.7955005.625003.1484004.587500ADSWAP5 Curncy1/9/065.625EUSA5 Curncy1/9/063.1484BPSW5 Curncy1/9/064.5875BVCSBC05 Index5/6/190.446IGUUBC05 Index5/3/193.357BVCSGU05 Index5/3/192.056
DATERANGE=2006010120200427BVCSAB05 Index5/3/192.7311/10/064.811005.665003.1856004.60500ADSWAP5 Curncy1/10/065.665EUSA5 Curncy1/10/063.1856BPSW5 Curncy1/10/064.605BVCSBC05 Index5/7/190.438IGUUBC05 Index5/6/193.331BVCSGU05 Index5/7/192.034
PROGRAMNAME=gethistoryBVCSAB05 Index5/6/192.6851/11/064.8535005.675003.2139004.587500ADSWAP5 Curncy1/11/065.675EUSA5 Curncy1/11/063.2139BPSW5 Curncy1/11/064.5875BVCSBC05 Index5/8/190.441IGUUBC05 Index5/7/193.304BVCSGU05 Index5/8/192.028
BVCSAB05 Index5/7/192.7271/12/064.8575005.6315003.1755004.56500ADSWAP5 Curncy1/12/065.6315EUSA5 Curncy1/12/063.1755BPSW5 Curncy1/12/064.565BVCSBC05 Index5/9/190.455IGUUBC05 Index5/8/193.327BVCSGU05 Index5/9/192.039
# Automatically generated by Bloomberg Data License Request Builder version 7.0.0BVCSAB05 Index5/8/192.6931/13/064.842005.58003.1641004.5300ADSWAP5 Curncy1/13/065.58EUSA5 Curncy1/13/063.1641BPSW5 Curncy1/13/064.53BVCSBC05 Index5/10/190.47IGUUBC05 Index5/9/193.308BVCSGU05 Index5/10/192.042
# Build Code: 000000000100000009BVCSAB05 Index5/9/192.6631/16/064.785005.605003.1765004.527500ADSWAP5 Curncy1/16/065.605EUSA5 Curncy1/16/063.1765BPSW5 Curncy1/16/064.5275BVCSBC05 Index5/13/190.478IGUUBC05 Index5/10/193.317BVCSGU05 Index5/13/192.027
BVCSAB05 Index5/10/192.681/17/064.79005.582003.1583004.492500ADSWAP5 Curncy1/17/065.582EUSA5 Curncy1/17/063.1583BPSW5 Curncy1/17/064.4925BVCSBC05 Index5/14/190.482IGUUBC05 Index5/13/193.261BVCSGU05 Index5/14/192.026
START-OF-FIELDSBVCSAB05 Index5/13/192.6691/18/064.723005.5875003.185004.49500ADSWAP5 Curncy1/18/065.5875EUSA5 Curncy1/18/063.185BPSW5 Curncy1/18/064.495BVCSBC05 Index5/15/190.478IGUUBC05 Index5/14/193.271BVCSGU05 Index5/15/192.019
PX_LASTBVCSAB05 Index5/14/192.6441/19/064.7815005.635003.2619004.5472500ADSWAP5 Curncy1/19/065.635EUSA5 Curncy1/19/063.2619BPSW5 Curncy1/19/064.54725BVCSBC05 Index5/16/190.476IGUUBC05 Index5/15/193.233BVCSGU05 Index5/16/192.015
END-OF-FIELDSBVCSAB05 Index5/15/192.6441/20/064.784005.61003.2711004.558500ADSWAP5 Curncy1/20/065.61EUSA5 Curncy1/20/063.2711BPSW5 Curncy1/20/064.5585BVCSBC05 Index5/17/190.475IGUUBC05 Index5/16/193.255BVCSGU05 Index5/17/191.999
BVCSAB05 Index5/16/192.5981/23/064.7755005.6003.2888004.552500ADSWAP5 Curncy1/23/065.6EUSA5 Curncy1/23/063.2888BPSW5 Curncy1/23/064.5525BVCSBC05 Index5/20/190.484IGUUBC05 Index5/17/193.255BVCSGU05 Index5/20/192.018
TIMESTARTED=Mon Apr 27 10:42:53 JST 2020BVCSAB05 Index5/17/192.6031/24/064.7905005.63003.2959004.5700ADSWAP5 Curncy1/24/065.63EUSA5 Curncy1/24/063.2959BPSW5 Curncy1/24/064.57BVCSBC05 Index5/21/190.501IGUUBC05 Index5/20/193.281BVCSGU05 Index5/21/192.049
START-OF-DATABVCSAB05 Index5/20/192.651/25/064.8255005.755003.3428004.61500ADSWAP5 Curncy1/25/065.755EUSA5 Curncy1/25/063.3428BPSW5 Curncy1/25/064.615BVCSBC05 Index5/22/190.504IGUUBC05 Index5/21/193.31BVCSGU05 Index5/22/192.025
BVCSAB05 Index5/21/192.6141/26/064.89005.777003.3776004.6772500ADSWAP5 Curncy1/26/065.777EUSA5 Curncy1/26/063.3776BPSW5 Curncy1/26/064.67725BVCSBC05 Index5/23/190.501IGUUBC05 Index5/22/193.281BVCSGU05 Index5/23/191.989
BVCSAB05 Index5/22/192.5991/27/064.926005.735003.3783004.66500ADSWAP5 Curncy1/27/065.735EUSA5 Curncy1/27/063.3783BPSW5 Curncy1/27/064.665BVCSBC05 Index5/24/190.503IGUUBC05 Index5/23/193.217BVCSGU05 Index5/24/191.972
BVCSAB05 Index5/23/192.5571/30/064.964005.7665003.3862004.647500ADSWAP5 Curncy1/30/065.7665EUSA5 Curncy1/30/063.3862BPSW5 Curncy1/30/064.6475BVCSBC05 Index5/27/190.494IGUUBC05 Index5/24/193.233BVCSGU05 Index5/28/191.964
BVCSAB05 Index5/24/192.4931/31/064.9545005.7515003.3936004.6500ADSWAP5 Curncy1/31/065.7515EUSA5 Curncy1/31/063.3936BPSW5 Curncy1/31/064.65BVCSBC05 Index5/28/190.485IGUUBC05 Index5/28/193.194BVCSGU05 Index5/29/191.966
BVCSAB05 Index5/27/192.5232/1/064.955005.805003.4343004.6900ADSWAP5 Curncy2/1/065.805EUSA5 Curncy2/1/063.4343BPSW5 Curncy2/1/064.69BVCSBC05 Index5/29/190.482IGUUBC05 Index5/29/193.205BVCSGU05 Index5/30/191.969
BVCSAB05 Index5/28/192.5092/2/065.0205005.81003.4302004.69500ADSWAP5 Curncy2/2/065.81EUSA5 Curncy2/2/063.4302BPSW5 Curncy2/2/064.695BVCSBC05 Index5/30/190.486IGUUBC05 Index5/30/193.169BVCSGU05 Index5/31/191.966
BVCSAB05 Index5/29/192.4642/3/065.0095005.75003.3929004.6822500ADSWAP5 Curncy2/3/065.75EUSA5 Curncy2/3/063.3929BPSW5 Curncy2/3/064.68225BVCSBC05 Index5/31/190.468IGUUBC05 Index5/31/193.085BVCSGU05 Index6/3/191.943
BVCSAB05 Index5/30/192.522/6/065.012005.763003.3961004.6700ADSWAP5 Curncy2/6/065.763EUSA5 Curncy2/6/063.3961BPSW5 Curncy2/6/064.67BVCSBC05 Index6/3/190.48IGUUBC05 Index6/3/193.015BVCSGU05 Index6/4/191.954
BVCSAB05 Index5/31/192.4782/7/065.022005.755003.406004.6672500ADSWAP5 Curncy2/7/065.755EUSA5 Curncy2/7/063.406BPSW5 Curncy2/7/064.66725BVCSBC05 Index6/4/190.484IGUUBC05 Index6/4/193.045BVCSGU05 Index6/5/191.934
BVCSAB05 Index6/3/192.5322/8/065.0205005.735003.4034004.657500ADSWAP5 Curncy2/8/065.735EUSA5 Curncy2/8/063.4034BPSW5 Curncy2/8/064.6575BVCSBC05 Index6/5/190.462IGUUBC05 Index6/5/193.02BVCSGU05 Index6/6/191.898
BVCSAB05 Index6/4/192.5272/9/065.0605005.695003.3865004.6300ADSWAP5 Curncy2/9/065.695EUSA5 Curncy2/9/063.3865BPSW5 Curncy2/9/064.63BVCSBC05 Index6/6/190.457IGUUBC05 Index6/6/193.044BVCSGU05 Index6/7/191.868
BVCSAB05 Index6/5/192.4772/10/065.0445005.685003.3839004.6187500ADSWAP5 Curncy2/10/065.685EUSA5 Curncy2/10/063.3839BPSW5 Curncy2/10/064.61875BVCSBC05 Index6/7/190.444IGUUBC05 Index6/7/192.993BVCSGU05 Index6/10/191.871
BVCSAB05 Index6/6/192.4412/13/065.1015005.69003.3817004.62500ADSWAP5 Curncy2/13/065.69EUSA5 Curncy2/13/063.3817BPSW5 Curncy2/13/064.625BVCSBC05 Index6/10/190.435IGUUBC05 Index6/10/193.045BVCSGU05 Index6/11/191.875
BVCSAB05 Index6/7/192.4552/14/065.084005.6975003.3922004.5822500ADSWAP5 Curncy2/14/065.6975EUSA5 Curncy2/14/063.3922BPSW5 Curncy2/14/064.58225BVCSBC05 Index6/11/190.417IGUUBC05 Index6/11/193.054BVCSGU05 Index6/12/191.897
BVCSAB05 Index6/11/192.4292/15/065.0905005.73003.3969004.627500ADSWAP5 Curncy2/15/065.73EUSA5 Curncy2/15/063.3969BPSW5 Curncy2/15/064.6275BVCSBC05 Index6/12/190.404IGUUBC05 Index6/12/193.013BVCSGU05 Index6/13/191.877
BVCSAB05 Index6/12/192.4252/16/065.1105005.695003.3961004.58500ADSWAP5 Curncy2/16/065.695EUSA5 Curncy2/16/063.3961BPSW5 Curncy2/16/064.585BVCSBC05 Index6/13/190.401IGUUBC05 Index6/13/192.98BVCSGU05 Index6/14/191.875
BVCSAB05 Index6/13/192.3962/17/065.0825005.66003.347004.5400ADSWAP5 Curncy2/17/065.66EUSA5 Curncy2/17/063.347BPSW5 Curncy2/17/064.54BVCSBC05 Index6/14/190.389IGUUBC05 Index6/14/192.976BVCSGU05 Index6/17/191.879
BVCSAB05 Index6/14/192.3742/20/065.061005.63003.3325004.5600ADSWAP5 Curncy2/20/065.63EUSA5 Curncy2/20/063.3325BPSW5 Curncy2/20/064.56BVCSBC05 Index6/17/190.389IGUUBC05 Index6/17/192.988BVCSGU05 Index6/18/191.838
BVCSAB05 Index6/17/192.3852/21/065.065005.6775003.3478004.572500ADSWAP5 Curncy2/21/065.6775EUSA5 Curncy2/21/063.3478BPSW5 Curncy2/21/064.5725BVCSBC05 Index6/18/190.327IGUUBC05 Index6/18/192.961BVCSGU05 Index6/19/191.856
BVCSAB05 Index6/18/192.3632/22/065.11005.645003.3308004.577500ADSWAP5 Curncy2/22/065.645EUSA5 Curncy2/22/063.3308BPSW5 Curncy2/22/064.5775BVCSBC05 Index6/19/190.307IGUUBC05 Index6/19/192.899BVCSGU05 Index6/20/191.807
BVCSAB05 Index6/19/192.3062/23/065.0715005.655003.4223004.597500ADSWAP5 Curncy2/23/065.655EUSA5 Curncy2/23/063.4223BPSW5 Curncy2/23/064.5975BVCSBC05 Index6/20/190.267IGUUBC05 Index6/20/192.846BVCSGU05 Index6/21/191.82
BVCSAB05 Index6/20/192.2792/24/065.1015005.675003.4341004.637500ADSWAP5 Curncy2/24/065.675EUSA5 Curncy2/24/063.4341BPSW5 Curncy2/24/064.6375BVCSBC05 Index6/21/190.268IGUUBC05 Index6/21/192.873BVCSGU05 Index6/24/191.796
BVCSAB05 Index6/21/192.2762/27/065.1135005.7475003.4673004.687500ADSWAP5 Curncy2/27/065.7475EUSA5 Curncy2/27/063.4673BPSW5 Curncy2/27/064.6875BVCSBC05 Index6/24/190.254IGUUBC05 Index6/24/192.821BVCSGU05 Index6/25/191.777
BVCSAB05 Index6/24/192.3332/28/065.1005.68003.4414004.662500ADSWAP5 Curncy2/28/065.68EUSA5 Curncy2/28/063.4414BPSW5 Curncy2/28/064.6625BVCSBC05 Index6/25/190.24IGUUBC05 Index6/25/192.815BVCSGU05 Index6/26/191.788
BVCSAB05 Index6/25/192.3163/1/065.0675005.675003.4476004.657500ADSWAP5 Curncy3/1/065.675EUSA5 Curncy3/1/063.4476BPSW5 Curncy3/1/064.6575BVCSBC05 Index6/26/190.25IGUUBC05 Index6/26/192.865BVCSGU05 Index6/27/191.801
BVCSAB05 Index6/26/192.3083/2/065.102005.735003.5238004.71500ADSWAP5 Curncy3/2/065.735EUSA5 Curncy3/2/063.5238BPSW5 Curncy3/2/064.715BVCSBC05 Index6/27/190.254IGUUBC05 Index6/27/192.832BVCSGU05 Index6/28/191.819
BVCSAB05 Index6/27/192.3633/3/065.16005.75003.5549004.7200ADSWAP5 Curncy3/3/065.75EUSA5 Curncy3/3/063.5549BPSW5 Curncy3/3/064.72BVCSBC05 Index6/28/190.243IGUUBC05 Index6/28/192.818BVCSGU05 Index7/1/191.787
BVCSAB05 Index6/28/192.3623/6/065.1945005.805003.5596004.73500ADSWAP5 Curncy3/6/065.805EUSA5 Curncy3/6/063.5596BPSW5 Curncy3/6/064.735BVCSBC05 Index7/1/190.219IGUUBC05 Index7/1/192.818BVCSGU05 Index7/2/191.72
BVCSAB05 Index7/1/192.393/7/065.2635005.775003.5762004.73500ADSWAP5 Curncy3/7/065.775EUSA5 Curncy3/7/063.5762BPSW5 Curncy3/7/064.735BVCSBC05 Index7/2/190.206IGUUBC05 Index7/2/192.788BVCSGU05 Index7/3/191.655
BVCSAB05 Index7/2/192.3743/8/065.224005.775003.594004.7427500ADSWAP5 Curncy3/8/065.775EUSA5 Curncy3/8/063.594BPSW5 Curncy3/8/064.74275BVCSBC05 Index7/3/190.194IGUUBC05 Index7/3/192.765BVCSGU05 Index7/4/191.638
BVCSAB05 Index7/3/192.3723/9/065.2425005.79003.5892004.7477500ADSWAP5 Curncy3/9/065.79EUSA5 Curncy3/9/063.5892BPSW5 Curncy3/9/064.74775BVCSBC05 Index7/4/190.186IGUUBC05 Index7/5/192.858BVCSGU05 Index7/5/191.678
BVCSAB05 Index7/4/192.3443/10/065.2335005.82003.6146004.7700ADSWAP5 Curncy3/10/065.82EUSA5 Curncy3/10/063.6146BPSW5 Curncy3/10/064.77BVCSBC05 Index7/5/190.193IGUUBC05 Index7/8/192.88BVCSGU05 Index7/8/191.664
BVCSAB05 Index7/5/192.3443/13/065.2695005.8475003.6393004.797500ADSWAP5 Curncy3/13/065.8475EUSA5 Curncy3/13/063.6393BPSW5 Curncy3/13/064.7975BVCSBC05 Index7/8/190.192IGUUBC05 Index7/9/192.902BVCSGU05 Index7/9/191.665
BVCSAB05 Index7/8/192.3683/14/065.227005.785003.6005004.747500ADSWAP5 Curncy3/14/065.785EUSA5 Curncy3/14/063.6005BPSW5 Curncy3/14/064.7475BVCSBC05 Index7/9/190.204IGUUBC05 Index7/10/192.857BVCSGU05 Index7/10/191.683
BVCSAB05 Index7/9/192.3523/15/065.1645005.785003.6349004.7600ADSWAP5 Curncy3/15/065.785EUSA5 Curncy3/15/063.6349BPSW5 Curncy3/15/064.76BVCSBC05 Index7/10/190.223IGUUBC05 Index7/11/192.888BVCSGU05 Index7/11/191.722
BVCSAB05 Index7/10/192.3623/16/065.193005.725003.6127004.727500ADSWAP5 Curncy3/16/065.725EUSA5 Curncy3/16/063.6127BPSW5 Curncy3/16/064.7275BVCSBC05 Index7/11/190.232IGUUBC05 Index7/12/192.876BVCSGU05 Index7/12/191.724
BVCSAB05 Index7/11/192.3383/17/065.089005.71003.6446004.762500ADSWAP5 Curncy3/17/065.71EUSA5 Curncy3/17/063.6446BPSW5 Curncy3/17/064.7625BVCSBC05 Index7/12/190.237IGUUBC05 Index7/15/192.857BVCSGU05 Index7/15/191.684
BVCSAB05 Index7/12/192.3983/20/065.115005.7003.6314004.7700ADSWAP5 Curncy3/20/065.7EUSA5 Curncy3/20/063.6314BPSW5 Curncy3/20/064.77BVCSBC05 Index7/15/190.221IGUUBC05 Index7/16/192.887BVCSGU05 Index7/16/191.689
BVCSAB05 Index7/15/192.4183/21/065.1175005.7325003.6255004.7827500ADSWAP5 Curncy3/21/065.7325EUSA5 Curncy3/21/063.6255BPSW5 Curncy3/21/064.78275BVCSBC05 Index7/16/190.208IGUUBC05 Index7/17/192.832BVCSGU05 Index7/17/191.65
BVCSAB05 Index7/16/192.3533/22/065.1745005.745003.6123004.742500ADSWAP5 Curncy3/22/065.745EUSA5 Curncy3/22/063.6123BPSW5 Curncy3/22/064.7425BVCSBC05 Index7/17/190.181IGUUBC05 Index7/18/192.787BVCSGU05 Index7/18/191.63
BVCSAB05 Index7/17/192.3553/23/065.1625005.77003.6316004.79500ADSWAP5 Curncy3/23/065.77EUSA5 Curncy3/23/063.6316BPSW5 Curncy3/23/064.795BVCSBC05 Index7/18/190.162IGUUBC05 Index7/19/192.811BVCSGU05 Index7/19/191.608
BVCSAB05 Index7/18/192.3283/24/065.203005.693003.5882004.772500ADSWAP5 Curncy3/24/065.693EUSA5 Curncy3/24/063.5882BPSW5 Curncy3/24/064.7725BVCSBC05 Index7/19/190.147IGUUBC05 Index7/22/192.803BVCSGU05 Index7/22/191.583
BVCSAB05 Index7/19/192.3393/27/065.1475005.7125003.5907004.777500ADSWAP5 Curncy3/27/065.7125EUSA5 Curncy3/27/063.5907BPSW5 Curncy3/27/064.7775BVCSBC05 Index7/22/190.132IGUUBC05 Index7/23/192.811BVCSGU05 Index7/23/191.555
BVCSAB05 Index7/22/192.323/28/065.175005.77003.7117004.81500ADSWAP5 Curncy3/28/065.77EUSA5 Curncy3/28/063.7117BPSW5 Curncy3/28/064.815BVCSBC05 Index7/23/190.117IGUUBC05 Index7/24/192.799BVCSGU05 Index7/24/191.535
BVCSAB05 Index7/23/192.3083/29/065.2545005.805003.7312004.83500ADSWAP5 Curncy3/29/065.805EUSA5 Curncy3/29/063.7312BPSW5 Curncy3/29/064.835BVCSBC05 Index7/24/190.092IGUUBC05 Index7/25/192.824BVCSGU05 Index7/25/191.532
BVCSAB05 Index7/24/192.2793/30/065.256005.815003.7633004.847500ADSWAP5 Curncy3/30/065.815EUSA5 Curncy3/30/063.7633BPSW5 Curncy3/30/064.8475BVCSBC05 Index7/25/190.08IGUUBC05 Index7/26/192.821BVCSGU05 Index7/26/191.516
BVCSAB05 Index7/25/192.2053/31/065.3025005.81003.7706004.827500ADSWAP5 Curncy3/31/065.81EUSA5 Curncy3/31/063.7706BPSW5 Curncy3/31/064.8275BVCSBC05 Index7/26/190.074IGUUBC05 Index7/29/192.811BVCSGU05 Index7/29/191.495
BVCSAB05 Index7/26/192.1924/3/065.322005.83003.8064004.847500ADSWAP5 Curncy4/3/065.83EUSA5 Curncy4/3/063.8064BPSW5 Curncy4/3/064.8475BVCSBC05 Index7/29/190.061IGUUBC05 Index7/30/192.813BVCSGU05 Index7/30/191.483
BVCSAB05 Index7/29/192.1564/4/065.3265005.93003.8272004.8527500ADSWAP5 Curncy4/4/065.93EUSA5 Curncy4/4/063.8272BPSW5 Curncy4/4/064.85275BVCSBC05 Index7/30/190.062IGUUBC05 Index7/31/192.807BVCSGU05 Index7/31/191.472
BVCSAB05 Index7/30/192.1424/5/065.283005.88003.7971004.802500ADSWAP5 Curncy4/5/065.88EUSA5 Curncy4/5/063.7971BPSW5 Curncy4/5/064.8025BVCSBC05 Index7/31/190.046IGUUBC05 Index8/1/192.685BVCSGU05 Index8/1/191.45
BVCSAB05 Index7/31/192.1094/6/065.31005.955003.8151004.82500ADSWAP5 Curncy4/6/065.955EUSA5 Curncy4/6/063.8151BPSW5 Curncy4/6/064.825BVCSBC05 Index8/1/190.043IGUUBC05 Index8/2/192.671BVCSGU05 Index8/2/191.444
BVCSAB05 Index8/1/192.1464/7/065.3225006.025003.8039004.8300ADSWAP5 Curncy4/7/066.025EUSA5 Curncy4/7/063.8039BPSW5 Curncy4/7/064.83BVCSBC05 Index8/2/190.047IGUUBC05 Index8/5/192.597BVCSGU05 Index8/5/191.438
BVCSAB05 Index8/2/192.0954/10/065.4015005.975003.8247004.8472500ADSWAP5 Curncy4/10/065.975EUSA5 Curncy4/10/063.8247BPSW5 Curncy4/10/064.84725BVCSBC05 Index8/5/190.057IGUUBC05 Index8/6/192.579BVCSGU05 Index8/6/191.453
BVCSAB05 Index8/6/192.0684/11/065.369005.99003.7953004.857500ADSWAP5 Curncy4/11/065.99EUSA5 Curncy4/11/063.7953BPSW5 Curncy4/11/064.8575BVCSBC05 Index8/6/190.054IGUUBC05 Index8/7/192.587BVCSGU05 Index8/7/191.45
BVCSAB05 Index8/7/192.0074/12/065.3395006.0438003.8273004.8700ADSWAP5 Curncy4/12/066.0438EUSA5 Curncy4/12/063.8273BPSW5 Curncy4/12/064.87BVCSBC05 Index8/7/190.028IGUUBC05 Index8/8/192.603BVCSGU05 Index8/8/191.477
BVCSAB05 Index8/8/192.0314/13/065.435006.06003.8878004.93500ADSWAP5 Curncy4/13/066.06EUSA5 Curncy4/13/063.8878BPSW5 Curncy4/13/064.935BVCSBC05 Index8/8/190.024IGUUBC05 Index8/9/192.626BVCSGU05 Index8/9/191.457
BVCSAB05 Index8/9/192.0184/14/065.4685006.06003.888004.9400ADSWAP5 Curncy4/14/066.06EUSA5 Curncy4/14/063.888BPSW5 Curncy4/14/064.94BVCSBC05 Index8/9/190.012IGUUBC05 Index8/12/192.569BVCSGU05 Index8/12/191.445
BVCSAB05 Index8/12/192.0084/17/065.4375006.06003.888004.9400ADSWAP5 Curncy4/17/066.06EUSA5 Curncy4/17/063.888BPSW5 Curncy4/17/064.94BVCSBC05 Index8/12/190.002IGUUBC05 Index8/13/192.636BVCSGU05 Index8/13/191.455
BVCSAB05 Index8/13/191.9944/18/065.4005006003.8522004.9222500ADSWAP5 Curncy4/18/066EUSA5 Curncy4/18/063.8522BPSW5 Curncy4/18/064.92225BVCSBC05 Index8/13/190.002IGUUBC05 Index8/14/192.583BVCSGU05 Index8/14/191.447
BVCSAB05 Index8/14/1924/19/065.326006.035003.8598004.9400ADSWAP5 Curncy4/19/066.035EUSA5 Curncy4/19/063.8598BPSW5 Curncy4/19/064.94BVCSBC05 Index8/14/19-0.005IGUUBC05 Index8/15/192.507BVCSGU05 Index8/15/191.44
BVCSAB05 Index8/15/191.994/20/065.38006.07003.8616004.922500ADSWAP5 Curncy4/20/066.07EUSA5 Curncy4/20/063.8616BPSW5 Curncy4/20/064.9225BVCSBC05 Index8/15/19-0.03IGUUBC05 Index8/16/192.51BVCSGU05 Index8/16/191.487
BVCSAB05 Index8/16/191.9964/21/065.3915006.085003.8643004.9400ADSWAP5 Curncy4/21/066.085EUSA5 Curncy4/21/063.8643BPSW5 Curncy4/21/064.94BVCSBC05 Index8/16/19-0.03IGUUBC05 Index8/19/192.555BVCSGU05 Index8/19/191.504
BVCSAB05 Index8/19/192.0044/24/065.395006.043003.8645004.9722500ADSWAP5 Curncy4/24/066.043EUSA5 Curncy4/24/063.8645BPSW5 Curncy4/24/064.97225BVCSBC05 Index8/19/19-0.022IGUUBC05 Index8/20/192.502BVCSGU05 Index8/20/191.484
BVCSAB05 Index8/20/192.0214/25/065.3805006.10025003.9311005.0312500ADSWAP5 Curncy4/25/066.10025EUSA5 Curncy4/25/063.9311BPSW5 Curncy4/25/065.03125BVCSBC05 Index8/20/19-0.035IGUUBC05 Index8/21/192.526BVCSGU05 Index8/21/191.479
BVCSAB05 Index8/21/192.0284/26/065.4585006.123003.9397005.07500ADSWAP5 Curncy4/26/066.123EUSA5 Curncy4/26/063.9397BPSW5 Curncy4/26/065.075BVCSBC05 Index8/21/19-0.026IGUUBC05 Index8/22/192.542BVCSGU05 Index8/22/191.512
BVCSAB05 Index8/22/191.9974/27/065.4925006.165003.922005.0600ADSWAP5 Curncy4/27/066.165EUSA5 Curncy4/27/063.922BPSW5 Curncy4/27/065.06BVCSBC05 Index8/22/19-0.006IGUUBC05 Index8/23/192.47BVCSGU05 Index8/23/191.498
BVCSAB05 Index8/23/192.0434/28/065.4305006.135003.9045005.0462500ADSWAP5 Curncy4/28/066.135EUSA5 Curncy4/28/063.9045BPSW5 Curncy4/28/065.04625BVCSBC05 Index8/23/19-0.014IGUUBC05 Index8/26/192.478BVCSGU05 Index8/27/191.443
BVCSAB05 Index8/26/191.9925/1/065.3995006.19003.905005.068100ADSWAP5 Curncy5/1/066.19EUSA5 Curncy5/1/063.905BPSW5 Curncy5/1/065.0681BVCSBC05 Index8/26/19-0.02IGUUBC05 Index8/27/192.441BVCSGU05 Index8/28/191.4
BVCSAB05 Index8/27/192.0045/2/065.48006.183003.934005.0900ADSWAP5 Curncy5/2/066.183EUSA5 Curncy5/2/063.934BPSW5 Curncy5/2/065.09BVCSBC05 Index8/27/19-0.02IGUUBC05 Index8/28/192.444BVCSGU05 Index8/29/191.398
BVCSAB05 Index8/28/192.0045/3/065.475006.24003.9394005.1200ADSWAP5 Curncy5/3/066.24EUSA5 Curncy5/3/063.9394BPSW5 Curncy5/3/065.12BVCSBC05 Index8/28/19-0.024IGUUBC05 Index8/29/192.467BVCSGU05 Index8/30/191.431
BVCSAB05 Index8/29/1925/4/065.5135006.235003.961005.157500ADSWAP5 Curncy5/4/066.235EUSA5 Curncy5/4/063.961BPSW5 Curncy5/4/065.1575BVCSBC05 Index8/29/19-0.023IGUUBC05 Index8/30/192.461BVCSGU05 Index9/2/191.417
BVCSAB05 Index8/30/192.015/5/065.5205006.148003.9517005.152500ADSWAP5 Curncy5/5/066.148EUSA5 Curncy5/5/063.9517BPSW5 Curncy5/5/065.1525BVCSBC05 Index8/30/19-0.027IGUUBC05 Index9/3/192.428BVCSGU05 Index9/3/191.396
BVCSAB05 Index9/2/191.975/8/065.4835006.175003.9564005.1700ADSWAP5 Curncy5/8/066.175EUSA5 Curncy5/8/063.9564BPSW5 Curncy5/8/065.17BVCSBC05 Index9/2/19-0.022IGUUBC05 Index9/4/192.404BVCSGU05 Index9/4/191.453
BVCSAB05 Index9/3/191.9675/9/065.503006.2638003.966005.187500ADSWAP5 Curncy5/9/066.2638EUSA5 Curncy5/9/063.966BPSW5 Curncy5/9/065.1875BVCSBC05 Index9/3/19-0.012IGUUBC05 Index9/5/192.504BVCSGU05 Index9/5/191.531
BVCSAB05 Index9/4/191.9745/10/065.4865006.2775003.9452005.137500ADSWAP5 Curncy5/10/066.2775EUSA5 Curncy5/10/063.9452BPSW5 Curncy5/10/065.1375BVCSBC05 Index9/4/190.019IGUUBC05 Index9/6/192.494BVCSGU05 Index9/6/191.49
BVCSAB05 Index9/5/191.9985/11/065.511006.25003.9971005.1877500ADSWAP5 Curncy5/11/066.25EUSA5 Curncy5/11/063.9971BPSW5 Curncy5/11/065.18775BVCSBC05 Index9/5/190.051IGUUBC05 Index9/9/192.556BVCSGU05 Index9/9/191.529
BVCSAB05 Index9/6/192.0755/12/065.4945006.255003.9967005.21500ADSWAP5 Curncy5/12/066.255EUSA5 Curncy5/12/063.9967BPSW5 Curncy5/12/065.215BVCSBC05 Index9/6/190.055IGUUBC05 Index9/10/192.639BVCSGU05 Index9/10/191.565
BVCSAB05 Index9/9/192.0585/15/065.516006.2175003.9195005.17500ADSWAP5 Curncy5/15/066.2175EUSA5 Curncy5/15/063.9195BPSW5 Curncy5/15/065.175BVCSBC05 Index9/9/190.083IGUUBC05 Index9/11/192.66BVCSGU05 Index9/11/191.592
BVCSAB05 Index9/10/192.0945/16/065.503006.185003.869005.127500ADSWAP5 Curncy5/16/066.185EUSA5 Curncy5/16/063.869BPSW5 Curncy5/16/065.1275BVCSBC05 Index9/10/190.108IGUUBC05 Index9/12/192.686BVCSGU05 Index9/12/191.593
BVCSAB05 Index9/11/192.1265/17/065.4745006.23003.9071005.1700ADSWAP5 Curncy5/17/066.23EUSA5 Curncy5/17/063.9071BPSW5 Curncy5/17/065.17BVCSBC05 Index9/11/190.128IGUUBC05 Index9/13/192.788BVCSGU05 Index9/13/191.659
BVCSAB05 Index9/12/192.135/18/065.5055006.238003.8745005.100ADSWAP5 Curncy5/18/066.238EUSA5 Curncy5/18/063.8745BPSW5 Curncy5/18/065.1BVCSBC05 Index9/12/190.155IGUUBC05 Index9/16/192.739BVCSGU05 Index9/16/191.629
BVCSAB05 Index9/13/192.1395/19/065.461006.238003.874005.1100ADSWAP5 Curncy5/19/066.238EUSA5 Curncy5/19/063.874BPSW5 Curncy5/19/065.11BVCSBC05 Index9/13/190.204IGUUBC05 Index9/17/192.709BVCSGU05 Index9/17/191.617
BVCSAB05 Index9/16/192.1615/22/065.4245006.14625003.8076005.067500ADSWAP5 Curncy5/22/066.14625EUSA5 Curncy5/22/063.8076BPSW5 Curncy5/22/065.0675BVCSBC05 Index9/16/190.184IGUUBC05 Index9/18/192.704BVCSGU05 Index9/18/191.605
BVCSAB05 Index9/17/192.1175/23/065.4535006.105003.8043005.10500ADSWAP5 Curncy5/23/066.105EUSA5 Curncy5/23/063.8043BPSW5 Curncy5/23/065.105BVCSBC05 Index9/17/190.192IGUUBC05 Index9/19/192.699BVCSGU05 Index9/19/191.594
BVCSAB05 Index9/18/192.0945/24/065.424006.135003.7763005.067500ADSWAP5 Curncy5/24/066.135EUSA5 Curncy5/24/063.7763BPSW5 Curncy5/24/065.0675BVCSBC05 Index9/18/190.193IGUUBC05 Index9/20/192.637BVCSGU05 Index9/20/191.598
BVCSAB05 Index9/19/192.0215/25/065.442006.155003.7899005.02500ADSWAP5 Curncy5/25/066.155EUSA5 Curncy5/25/063.7899BPSW5 Curncy5/25/065.025BVCSBC05 Index9/19/190.205IGUUBC05 Index9/23/192.604BVCSGU05 Index9/23/191.547
BVCSAB05 Index9/20/191.9995/26/065.4805006.155003.7871005.0300ADSWAP5 Curncy5/26/066.155EUSA5 Curncy5/26/063.7871BPSW5 Curncy5/26/065.03BVCSBC05 Index9/20/190.206IGUUBC05 Index9/24/192.553BVCSGU05 Index9/24/191.534
BVCSAB05 Index9/23/192.0075/29/065.46006.165003.7922005.037500ADSWAP5 Curncy5/29/066.165EUSA5 Curncy5/29/063.7922BPSW5 Curncy5/29/065.0375BVCSBC05 Index9/23/190.186IGUUBC05 Index9/25/192.629BVCSGU05 Index9/25/191.537
BVCSAB05 Index9/24/191.9825/30/065.465006.2038003.836005.047500ADSWAP5 Curncy5/30/066.2038EUSA5 Curncy5/30/063.836BPSW5 Curncy5/30/065.0475BVCSBC05 Index9/24/190.177IGUUBC05 Index9/26/192.61BVCSGU05 Index9/26/191.54
BVCSAB05 Index9/25/191.9615/31/065.4885006.2125003.9042005.07500ADSWAP5 Curncy5/31/066.2125EUSA5 Curncy5/31/063.9042BPSW5 Curncy5/31/065.075BVCSBC05 Index9/25/190.185IGUUBC05 Index9/27/192.594BVCSGU05 Index9/27/191.52
BVCSAB05 Index9/26/191.9766/1/065.5655006.19003.91005.117500ADSWAP5 Curncy6/1/066.19EUSA5 Curncy6/1/063.91BPSW5 Curncy6/1/065.1175BVCSBC05 Index9/26/190.176IGUUBC05 Index9/30/192.575BVCSGU05 Index9/30/191.509
BVCSAB05 Index9/27/191.9866/2/065.5315006.1025003.848005.062500ADSWAP5 Curncy6/2/066.1025EUSA5 Curncy6/2/063.848BPSW5 Curncy6/2/065.0625BVCSBC05 Index9/27/190.167IGUUBC05 Index10/1/192.523BVCSGU05 Index10/1/191.489
BVCSAB05 Index9/30/192.0036/5/065.4235006.1003.92005.072500ADSWAP5 Curncy6/5/066.1EUSA5 Curncy6/5/063.92BPSW5 Curncy6/5/065.0725BVCSBC05 Index9/30/190.157IGUUBC05 Index10/2/192.485BVCSGU05 Index10/2/191.517
BVCSAB05 Index10/1/191.9336/6/065.4635006.1069003.9405005.102500ADSWAP5 Curncy6/6/066.1069EUSA5 Curncy6/6/063.9405BPSW5 Curncy6/6/065.1025BVCSBC05 Index10/1/190.149IGUUBC05 Index10/3/192.409BVCSGU05 Index10/3/191.537
BVCSAB05 Index10/2/191.9076/7/065.4535006.125003.9399005.11500ADSWAP5 Curncy6/7/066.125EUSA5 Curncy6/7/063.9399BPSW5 Curncy6/7/065.115BVCSBC05 Index10/2/190.153IGUUBC05 Index10/4/192.39BVCSGU05 Index10/4/191.526
BVCSAB05 Index10/3/191.8896/8/065.4575006.185003.8762005.0500ADSWAP5 Curncy6/8/066.185EUSA5 Curncy6/8/063.8762BPSW5 Curncy6/8/065.05BVCSBC05 Index10/3/190.14IGUUBC05 Index10/7/192.435BVCSGU05 Index10/7/191.529
BVCSAB05 Index10/4/191.8766/9/065.437006.155003.8515005.037500ADSWAP5 Curncy6/9/066.155EUSA5 Curncy6/9/063.8515BPSW5 Curncy6/9/065.0375BVCSBC05 Index10/4/190.135IGUUBC05 Index10/8/192.416BVCSGU05 Index10/8/191.509
BVCSAB05 Index10/8/191.8796/12/065.4595006.16003.8302005.0300ADSWAP5 Curncy6/12/066.16EUSA5 Curncy6/12/063.8302BPSW5 Curncy6/12/065.03BVCSBC05 Index10/7/190.141IGUUBC05 Index10/9/192.442BVCSGU05 Index10/9/191.534
BVCSAB05 Index10/9/191.8656/13/065.431006.139003.7958005.013500ADSWAP5 Curncy6/13/066.139EUSA5 Curncy6/13/063.7958BPSW5 Curncy6/13/065.0135BVCSBC05 Index10/8/190.136IGUUBC05 Index10/10/192.519BVCSGU05 Index10/10/191.591
BVCSAB05 Index10/10/191.8746/14/065.4555006.1938003.839005.02500ADSWAP5 Curncy6/14/066.1938EUSA5 Curncy6/14/063.839BPSW5 Curncy6/14/065.025BVCSBC05 Index10/9/190.149IGUUBC05 Index10/11/192.582BVCSGU05 Index10/11/191.708
BVCSAB05 Index10/11/191.9516/15/065.5745006.22003.9005.097500ADSWAP5 Curncy6/15/066.22EUSA5 Curncy6/15/063.9BPSW5 Curncy6/15/065.0975BVCSBC05 Index10/10/190.194IGUUBC05 Index10/15/192.605BVCSGU05 Index10/14/191.697
BVCSAB05 Index10/14/191.9646/16/065.5766006.255003.8968005.102500ADSWAP5 Curncy6/16/066.255EUSA5 Curncy6/16/063.8968BPSW5 Curncy6/16/065.1025BVCSBC05 Index10/11/190.21IGUUBC05 Index10/16/192.575BVCSGU05 Index10/15/191.714
BVCSAB05 Index10/15/191.9926/19/065.64006.284003.9241005.157500ADSWAP5 Curncy6/19/066.284EUSA5 Curncy6/19/063.9241BPSW5 Curncy6/19/065.1575BVCSBC05 Index10/14/190.21IGUUBC05 Index10/17/192.574BVCSGU05 Index10/16/191.7
BVCSAB05 Index10/16/191.996/20/065.6319006.285003.956005.20500ADSWAP5 Curncy6/20/066.285EUSA5 Curncy6/20/063.956BPSW5 Curncy6/20/065.205BVCSBC05 Index10/15/190.239IGUUBC05 Index10/18/192.552BVCSGU05 Index10/17/191.672
BVCSAB05 Index10/17/192.0336/21/065.6544006.26875003.978005.19500ADSWAP5 Curncy6/21/066.26875EUSA5 Curncy6/21/063.978BPSW5 Curncy6/21/065.195BVCSBC05 Index10/16/190.248IGUUBC05 Index10/21/192.582BVCSGU05 Index10/18/191.666
BVCSAB05 Index10/18/192.0596/22/065.6753006.3169004.011005.18500ADSWAP5 Curncy6/22/066.3169EUSA5 Curncy6/22/064.011BPSW5 Curncy6/22/065.185BVCSBC05 Index10/17/190.252IGUUBC05 Index10/22/192.557BVCSGU05 Index10/21/191.681
BVCSAB05 Index10/21/192.1126/23/065.7156006.34315004.0245005.202500ADSWAP5 Curncy6/23/066.34315EUSA5 Curncy6/23/064.0245BPSW5 Curncy6/23/065.2025BVCSBC05 Index10/18/190.253IGUUBC05 Index10/23/192.555BVCSGU05 Index10/22/191.649
BVCSAB05 Index10/22/192.1286/26/065.75006.335004.0473005.212500ADSWAP5 Curncy6/26/066.335EUSA5 Curncy6/26/064.0473BPSW5 Curncy6/26/065.2125BVCSBC05 Index10/21/190.269IGUUBC05 Index10/24/192.549BVCSGU05 Index10/23/191.624
BVCSAB05 Index10/23/192.0686/27/065.7427006.32004.0652005.20500ADSWAP5 Curncy6/27/066.32EUSA5 Curncy6/27/064.0652BPSW5 Curncy6/27/065.205BVCSBC05 Index10/22/190.261IGUUBC05 Index10/25/192.567BVCSGU05 Index10/24/191.592
BVCSAB05 Index10/24/192.0316/28/065.7256006.3475004.0779005.212500ADSWAP5 Curncy6/28/066.3475EUSA5 Curncy6/28/064.0779BPSW5 Curncy6/28/065.2125BVCSBC05 Index10/23/190.247IGUUBC05 Index10/28/192.592BVCSGU05 Index10/25/191.594
BVCSAB05 Index10/25/192.0256/29/065.7654006.2809004.023005.17100ADSWAP5 Curncy6/29/066.2809EUSA5 Curncy6/29/064.023BPSW5 Curncy6/29/065.171BVCSBC05 Index10/24/190.233IGUUBC05 Index10/29/192.594BVCSGU05 Index10/28/191.634
BVCSAB05 Index10/28/192.0056/30/065.7058006.2369004.045005.15500ADSWAP5 Curncy6/30/066.2369EUSA5 Curncy6/30/064.045BPSW5 Curncy6/30/065.155BVCSBC05 Index10/25/190.237IGUUBC05 Index10/30/192.555BVCSGU05 Index10/29/191.642
BVCSAB05 Index10/29/192.0937/3/065.664006.244004.06005.1800ADSWAP5 Curncy7/3/066.244EUSA5 Curncy7/3/064.06BPSW5 Curncy7/3/065.18BVCSBC05 Index10/28/190.249IGUUBC05 Index10/31/192.476BVCSGU05 Index10/30/191.621
BVCSAB05 Index10/30/192.0847/4/065.66006.2765004.056005.142500ADSWAP5 Curncy7/4/066.2765EUSA5 Curncy7/4/064.056BPSW5 Curncy7/4/065.1425BVCSBC05 Index10/29/190.248IGUUBC05 Index11/1/192.488BVCSGU05 Index10/31/191.59
BVCSAB05 Index10/31/192.0917/5/065.6762006.349004.112005.167500ADSWAP5 Curncy7/5/066.349EUSA5 Curncy7/5/064.112BPSW5 Curncy7/5/065.1675BVCSBC05 Index10/30/190.244IGUUBC05 Index11/4/192.533BVCSGU05 Index11/1/191.598
BVCSAB05 Index11/1/192.0737/6/065.7392006.3034004.1166005.13500ADSWAP5 Curncy7/6/066.3034EUSA5 Curncy7/6/064.1166BPSW5 Curncy7/6/065.135BVCSBC05 Index10/31/190.214IGUUBC05 Index11/5/192.628BVCSGU05 Index11/4/191.616
BVCSAB05 Index11/4/192.1317/7/065.7108006.2875004.0615005.097500ADSWAP5 Curncy7/7/066.2875EUSA5 Curncy7/7/064.0615BPSW5 Curncy7/7/065.0975BVCSBC05 Index11/1/190.202IGUUBC05 Index11/6/192.589BVCSGU05 Index11/5/191.696
BVCSAB05 Index11/5/192.1697/10/065.6704006.2885004.086005.102500ADSWAP5 Curncy7/10/066.2885EUSA5 Curncy7/10/064.086BPSW5 Curncy7/10/065.1025BVCSBC05 Index11/4/190.204IGUUBC05 Index11/7/192.673BVCSGU05 Index11/6/191.672
BVCSAB05 Index11/6/192.1927/11/065.6547006.2975004.051005.09500ADSWAP5 Curncy7/11/066.2975EUSA5 Curncy7/11/064.051BPSW5 Curncy7/11/065.095BVCSBC05 Index11/5/190.314IGUUBC05 Index11/8/192.686BVCSGU05 Index11/7/191.655
BVCSAB05 Index11/7/192.1687/12/065.6501006.363004.0655005.112500ADSWAP5 Curncy7/12/066.363EUSA5 Curncy7/12/064.0655BPSW5 Curncy7/12/065.1125BVCSBC05 Index11/6/190.315IGUUBC05 Index11/12/192.668BVCSGU05 Index11/8/191.687
BVCSAB05 Index11/8/192.1957/13/065.6237006.3775004.0076005.100ADSWAP5 Curncy7/13/066.3775EUSA5 Curncy7/13/064.0076BPSW5 Curncy7/13/065.1BVCSBC05 Index11/7/190.363IGUUBC05 Index11/13/192.635BVCSGU05 Index11/11/191.7
BVCSAB05 Index11/11/192.1837/14/065.5864006.37003.965005.042500ADSWAP5 Curncy7/14/066.37EUSA5 Curncy7/14/063.965BPSW5 Curncy7/14/065.0425BVCSBC05 Index11/8/190.361IGUUBC05 Index11/14/192.578BVCSGU05 Index11/12/191.703
BVCSAB05 Index11/12/192.1977/17/065.5949006.4003.9681005.0800ADSWAP5 Curncy7/17/066.4EUSA5 Curncy7/17/063.9681BPSW5 Curncy7/17/065.08BVCSBC05 Index11/11/190.374IGUUBC05 Index11/15/192.597BVCSGU05 Index11/13/191.664
BVCSAB05 Index11/13/192.1697/18/065.6113006.4475004.0045005.14500ADSWAP5 Curncy7/18/066.4475EUSA5 Curncy7/18/064.0045BPSW5 Curncy7/18/065.145BVCSBC05 Index11/12/190.371IGUUBC05 Index11/18/192.587BVCSGU05 Index11/14/191.635
BVCSAB05 Index11/14/192.0647/19/065.6746006.35003.9816005.1187500ADSWAP5 Curncy7/19/066.35EUSA5 Curncy7/19/063.9816BPSW5 Curncy7/19/065.11875BVCSBC05 Index11/13/190.347IGUUBC05 Index11/19/192.564BVCSGU05 Index11/15/191.64
BVCSAB05 Index11/15/192.0757/20/065.5923006.3425003.9811005.117500ADSWAP5 Curncy7/20/066.3425EUSA5 Curncy7/20/063.9811BPSW5 Curncy7/20/065.1175BVCSBC05 Index11/14/190.328IGUUBC05 Index11/20/192.532BVCSGU05 Index11/18/191.667
BVCSAB05 Index11/18/192.0657/21/065.5139006.3469003.9588005.102500ADSWAP5 Curncy7/21/066.3469EUSA5 Curncy7/21/063.9588BPSW5 Curncy7/21/065.1025BVCSBC05 Index11/15/190.344IGUUBC05 Index11/21/192.565BVCSGU05 Index11/19/191.662
BVCSAB05 Index11/19/192.0477/24/065.5424006.413003.9627005.0900ADSWAP5 Curncy7/24/066.413EUSA5 Curncy7/24/063.9627BPSW5 Curncy7/24/065.09BVCSBC05 Index11/18/190.358IGUUBC05 Index11/22/192.558BVCSGU05 Index11/20/191.668
BVCSAB05 Index11/20/192.0087/25/065.5252006.4163003.9534005.09500ADSWAP5 Curncy7/25/066.4163EUSA5 Curncy7/25/063.9534BPSW5 Curncy7/25/065.095BVCSBC05 Index11/19/190.367IGUUBC05 Index11/25/192.55BVCSGU05 Index11/21/191.688
BVCSAB05 Index11/21/192.0147/26/065.565006.4413003.9581005.122500ADSWAP5 Curncy7/26/066.4413EUSA5 Curncy7/26/063.9581BPSW5 Curncy7/26/065.1225BVCSBC05 Index11/20/190.382IGUUBC05 Index11/26/192.526BVCSGU05 Index11/22/191.64
BVCSAB05 Index11/22/192.047/27/065.4945006.4425003.9458005.082500ADSWAP5 Curncy7/27/066.4425EUSA5 Curncy7/27/063.9458BPSW5 Curncy7/27/065.0825BVCSBC05 Index11/21/190.41IGUUBC05 Index11/27/192.559BVCSGU05 Index11/25/191.627
BVCSAB05 Index11/25/192.057/28/065.511006.41003.922005.052500ADSWAP5 Curncy7/28/066.41EUSA5 Curncy7/28/063.922BPSW5 Curncy7/28/065.0525BVCSBC05 Index11/22/190.39IGUUBC05 Index11/29/192.561BVCSGU05 Index11/26/191.589
BVCSAB05 Index11/26/192.0457/31/065.4465006.3938003.9252005.0800ADSWAP5 Curncy7/31/066.3938EUSA5 Curncy7/31/063.9252BPSW5 Curncy7/31/065.08BVCSBC05 Index11/25/190.39IGUUBC05 Index12/2/192.584BVCSGU05 Index11/27/191.619
BVCSAB05 Index11/27/191.9618/1/065.4375006.4003.9156005.087500ADSWAP5 Curncy8/1/066.4EUSA5 Curncy8/1/063.9156BPSW5 Curncy8/1/065.0875BVCSBC05 Index11/26/190.367IGUUBC05 Index12/3/192.49BVCSGU05 Index11/28/191.619
BVCSAB05 Index11/28/191.9388/2/065.398006.3975003.924005.11500ADSWAP5 Curncy8/2/066.3975EUSA5 Curncy8/2/063.924BPSW5 Curncy8/2/065.115BVCSBC05 Index11/27/190.37IGUUBC05 Index12/4/192.53BVCSGU05 Index11/29/191.647
BVCSAB05 Index11/29/191.9448/3/065.412006.388003.995005.207500ADSWAP5 Curncy8/3/066.388EUSA5 Curncy8/3/063.995BPSW5 Curncy8/3/065.2075BVCSBC05 Index11/28/190.378IGUUBC05 Index12/5/192.551BVCSGU05 Index12/2/191.668
BVCSAB05 Index12/2/192.0158/4/065.4335006.32525003.9382005.227500ADSWAP5 Curncy8/4/066.32525EUSA5 Curncy8/4/063.9382BPSW5 Curncy8/4/065.2275BVCSBC05 Index11/29/190.385IGUUBC05 Index12/6/192.578BVCSGU05 Index12/3/191.62
BVCSAB05 Index12/3/192.0798/7/065.363006.345003.9316005.213500ADSWAP5 Curncy8/7/066.345EUSA5 Curncy8/7/063.9316BPSW5 Curncy8/7/065.2135BVCSBC05 Index12/2/190.426IGUUBC05 Index12/9/192.572BVCSGU05 Index12/4/191.668
BVCSAB05 Index12/4/191.9728/8/065.38006.299003.9129005.227500ADSWAP5 Curncy8/8/066.299EUSA5 Curncy8/8/063.9129BPSW5 Curncy8/8/065.2275BVCSBC05 Index12/3/190.372IGUUBC05 Index12/10/192.595BVCSGU05 Index12/5/191.688
BVCSAB05 Index12/5/191.9838/9/065.365006.35315003.9426005.22500ADSWAP5 Curncy8/9/066.35315EUSA5 Curncy8/9/063.9426BPSW5 Curncy8/9/065.225BVCSBC05 Index12/4/190.383IGUUBC05 Index12/11/192.547BVCSGU05 Index12/6/191.683
BVCSAB05 Index12/6/192.0328/10/065.3525006.41375003.9447005.237500ADSWAP5 Curncy8/10/066.41375EUSA5 Curncy8/10/063.9447BPSW5 Curncy8/10/065.2375BVCSBC05 Index12/5/190.4IGUUBC05 Index12/12/192.627BVCSGU05 Index12/9/191.672
BVCSAB05 Index12/9/192.0468/11/065.3805006.4425004.0089005.2700ADSWAP5 Curncy8/11/066.4425EUSA5 Curncy8/11/064.0089BPSW5 Curncy8/11/065.27BVCSBC05 Index12/6/190.401IGUUBC05 Index12/13/192.545BVCSGU05 Index12/10/191.683
BVCSAB05 Index12/10/192.0298/14/065.436006.485004.0359005.302500ADSWAP5 Curncy8/14/066.485EUSA5 Curncy8/14/064.0359BPSW5 Curncy8/14/065.3025BVCSBC05 Index12/9/190.38IGUUBC05 Index12/16/192.596BVCSGU05 Index12/11/191.67
BVCSAB05 Index12/11/192.0578/15/065.4515006.4394003.9947005.276500ADSWAP5 Curncy8/15/066.4394EUSA5 Curncy8/15/063.9947BPSW5 Curncy8/15/065.2765BVCSBC05 Index12/10/190.376IGUUBC05 Index12/17/192.586BVCSGU05 Index12/12/191.695
BVCSAB05 Index12/12/192.0428/16/065.3685006.399003.9573005.217500ADSWAP5 Curncy8/16/066.399EUSA5 Curncy8/16/063.9573BPSW5 Curncy8/16/065.2175BVCSBC05 Index12/11/190.362IGUUBC05 Index12/18/192.598BVCSGU05 Index12/13/191.636
BVCSAB05 Index12/13/192.1618/17/065.2715006.3838003.9605005.177500ADSWAP5 Curncy8/17/066.3838EUSA5 Curncy8/17/063.9605BPSW5 Curncy8/17/065.1775BVCSBC05 Index12/12/190.396IGUUBC05 Index12/19/192.577BVCSGU05 Index12/16/191.663
BVCSAB05 Index12/16/192.0848/18/065.283006.32875003.9392005.147500ADSWAP5 Curncy8/18/066.32875EUSA5 Curncy8/18/063.9392BPSW5 Curncy8/18/065.1475BVCSBC05 Index12/13/190.367IGUUBC05 Index12/20/192.582BVCSGU05 Index12/17/191.61
BVCSAB05 Index12/17/192.0718/21/065.248006.2975003.8958005.097500ADSWAP5 Curncy8/21/066.2975EUSA5 Curncy8/21/063.8958BPSW5 Curncy8/21/065.0975BVCSBC05 Index12/16/190.362IGUUBC05 Index12/23/192.601BVCSGU05 Index12/18/191.602
BVCSAB05 Index12/18/192.1038/22/065.2405006.3175003.844005.0662500ADSWAP5 Curncy8/22/066.3175EUSA5 Curncy8/22/063.844BPSW5 Curncy8/22/065.06625BVCSBC05 Index12/17/190.345IGUUBC05 Index12/24/192.564BVCSGU05 Index12/19/191.622
BVCSAB05 Index12/19/192.1838/23/065.261006.3265003.8388005.09100ADSWAP5 Curncy8/23/066.3265EUSA5 Curncy8/23/063.8388BPSW5 Curncy8/23/065.091BVCSBC05 Index12/18/190.362IGUUBC05 Index12/26/192.559BVCSGU05 Index12/20/191.602
BVCSAB05 Index12/20/192.2168/24/065.265006.315003.8363005.092500ADSWAP5 Curncy8/24/066.315EUSA5 Curncy8/24/063.8363BPSW5 Curncy8/24/065.0925BVCSBC05 Index12/19/190.369IGUUBC05 Index12/27/192.52BVCSGU05 Index12/23/191.603
BVCSAB05 Index12/23/192.2128/25/065.2515006.273003.818005.087500ADSWAP5 Curncy8/25/066.273EUSA5 Curncy8/25/063.818BPSW5 Curncy8/25/065.0875BVCSBC05 Index12/20/190.357IGUUBC05 Index12/30/192.516BVCSGU05 Index12/24/191.597
BVCSAB05 Index12/24/192.2268/28/065.2575006.2875003.8098005.07800ADSWAP5 Curncy8/28/066.2875EUSA5 Curncy8/28/063.8098BPSW5 Curncy8/28/065.078BVCSBC05 Index12/23/190.36IGUUBC05 Index12/31/192.531BVCSGU05 Index12/27/191.588
BVCSAB05 Index12/27/192.2378/29/065.2745006.2775003.837005.107500ADSWAP5 Curncy8/29/066.2775EUSA5 Curncy8/29/063.837BPSW5 Curncy8/29/065.1075BVCSBC05 Index12/24/190.357IGUUBC05 Index1/2/202.506BVCSGU05 Index12/30/191.658
BVCSAB05 Index12/30/192.2298/30/065.2485006.23003.845005.100ADSWAP5 Curncy8/30/066.23EUSA5 Curncy8/30/063.845BPSW5 Curncy8/30/065.1BVCSBC05 Index12/27/190.359IGUUBC05 Index1/3/202.45BVCSGU05 Index12/31/191.621
BVCSAB05 Index12/31/192.2818/31/065.209006.22003.8019005.077500ADSWAP5 Curncy8/31/066.22EUSA5 Curncy8/31/063.8019BPSW5 Curncy8/31/065.0775BVCSBC05 Index12/30/190.407IGUUBC05 Index1/6/202.462BVCSGU05 Index1/2/201.605
BVCSAB05 Index1/2/202.2389/1/065.184006.22003.795005.0500ADSWAP5 Curncy9/1/066.22EUSA5 Curncy9/1/063.795BPSW5 Curncy9/1/065.05BVCSBC05 Index12/31/190.405IGUUBC05 In