Key points
EUR IG credit spread change vs days from the first ECB hike (bp) ｜ 2011 widened more than 250bp after the first hike while 2022 tightened about 43bp, a wide dispersion
Image source: @ZeGoodTrader
2026-09-23
EUR IG Credit Spread Paths Diverge Sharply Across ECB Hiking Cycles