By Gavan Nolan, credit analyst, Markit
Peripheral eurozone sovereigns came under renewed pressure last week amid concerns a faltering U.S. economy will have a damaging impact on growth further afield. The sense of relief after the previous week's successful government bond auctions soon evaporated, and spreads in corporates, financials and sovereigns all widened sharply. The Markit SovX Western Europe index breached the 150bp level for the first time since July 5, an indication of the heightened credit risk in ....