Euro Corp Bond Returns Dip In July -Barclays

Euro corp bond returns dip in July, with excess returns at +58bps, compared with +76bps in June, according to Barclays' Euro Aggregate Corporate Index. That takes the year-to-date excess returns to +423bps, the data show. Top-performing sectors were supermarkets, utilities and building materials, while pharmaceuticals, autos and telecoms underperformed, Barclays says. Total returns for July were +244bps, taking the year-to-date total to +830bps.