To track market moves in cash bonds and determine whether spreads are tightening or widening, you can use the new Fixed Income Credit Monitor (FICM) function. Type FICM <Go>, click on the arrow in the upper-left corner of the screen and select Eurozone to monitor bonds denominated in euros. FICM displays the current option-adjusted spread, the day’s change and the ratio of bonds whose spreads have tightened to those that have widened. Click on a sector such as Financials to display a list of issuers in that industry. Click on an issuer for individual bonds.


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