2025年5月英镑高等级公司债最新情况

Top subsectors127bp100bp99bp97bp85bpBottom subsectors60bp62bp67bp71bp72bpCurrentFlag3m FlagTrending higherGreenNoneFlatNoneN/ATrending lowerGreenNoneFlatNoneNoneTrending higherRedNoneTrending higherGreenN/ARestricted - External Zoso Davies+44 (0) 20 7773 5815zoso.davies@barclays.comBarclays, UKMelissa McCallum, CFA+ 44 (0) 20 7773 3573melissa.mccallum@barclays.comBarclays, UK May returns at a glanceFIGURE 3. Corporate returns by sectorSource: Bloomberg, Barclays ResearchFIGURE 5. Financial returns by capital structure-50050100150200Bank, SenBank, LT2bpExcess ReturnsSource: Bloomberg, Barclays Research2 June 2025 Source: Bloomberg, Barclays Research2 June 2025 Credit performanceFIGURE 9. Sterling Aggregate Corporate Index, excess returns (bp)Note: *Does not include current yearSource: Bloomberg, Barclays Research2 June 2025 FIGURE 10. Sterling Agg Corp, monthly excess returnsSource: Bloomberg, Barclays Research2 June 2025 FIGURE 12. Sterling Aggregate Corporate Index, excess returns by subsector (bp)Source: Bloomberg, Barclays Research2 June 2025Barclays | Sterling High Grade Corporate Update FIGURE 13. Sterling Aggregate Corporate Index, OAS by subsector (bp)Source: Bloomberg, Barclays Research2 June 2025Barclays | Sterling High Grade Corporate Update FIGURE 14. Sterling Aggregate Corporate Index, total returns by subsector (bp)Source: Bloomberg, Barclays Research2 June 2025Barclays | Sterling High Grade Corporate Update FIGURE 15. Sterling Aggregate Corporate Index, statisticsSource: Bloomberg, Barclays Research2 June 2025Barclays | Sterling High Grade Corporate Update Analyst(s) Certification(s):We, Zoso Davies and Melissa McCallum, CFA, hereby certify (1) that the views expressed in this research report accurately reflect our personal viewsabout any or all of the subject securities or issuers referred to in this research report and (2) no part of our compensation was, is or will be directly orindirectly related to the specific recommendations or views expressed in this research report.Important Disclosures:Barclays Research is produced by the Investment Bank of Barclays Bank PLC and itsaffiliates(collectively and each individually, "Barclays").All authors contributing to this research report are Research Analysts unless otherwise indicated. The publication date at the top of the report reflectsthe local time where the report was produced and maydifferfrom the release date provided in GMT.Availability of Disclosures:For current important disclosures regarding any issuers which are the subject of this research report please refer to https://publicresearch.barclays.com or alternatively send a written request to: Barclays Research Compliance, 745 Seventh Avenue, 13th Floor, New York, NY10019 or call +1-212-526-1072.Barclays Capital Inc. and/or one of itsaffiliatesdoes and seeks to do business with companies covered in its research reports. As a result, investorsshould be aware that Barclays may have a conflict of interest that couldaffectthe objectivity of this report. Barclays Capital Inc. and/or one of itsaffiliatesregularly trades, generally deals as principal and generally provides liquidity (as market maker or otherwise) in the debt securities that are thesubject of this research report (and related derivatives thereof). Barclays trading desks may have either a long and / or short position in such securities,other financial instruments and / or derivatives, which may pose a conflict with the interests of investing customers. Where permitted and subject toappropriate information barrier restrictions, Barclays fixed income research analysts regularly interact with its trading desk personnel regardingcurrent market conditions and prices. Barclays fixed income research analysts receive compensation based on various factors including, but notlimited to, the quality of their work, the overall performance of the firm (including the profitability of the Investment Banking Department), theprofitability and revenues of the Markets business and the potential interest of the firm's investing clients in research with respect to the asset classcovered by the analyst. To the extent that any historical pricing information was obtained from Barclays trading desks, the firm makes norepresentation that it is accurate or complete. All levels, prices and spreads are historical and do not necessarily represent current market levels, pricesor spreads, some or all of which may have changed since the publication of this document. Barclays Research Department produces various types ofresearch including, but not limited to, fundamental analysis, equity-linked analysis, quantitative analysis, and trade ideas. Recommendations andtrade ideas contained in one type of Barclays Research maydifferfrom those contained in other types of Barclays Research, whether as a result ofdifferingtime horizons, methodologies, or otherwise.In order to access Barclays Statement regarding Research Dissemination Policies and Procedures, please