MTS launches Spanish Sovereign Debt Indices

- Jack Jeffery

  • First real-time independent indices for Spanish sovereign bonds
  • Index to provide benchmark of local market
  • New index series to include six sub-indices on maturity bands
  • Latest addition to EuroMTS range of sovereign debt indices

Photo: Jack Jeffery, Chief Executive of MTS

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MTS, Europe’s premier facilitator for the electronic fixed income market, today announces the launch of the MTS Spain Government Index series, the first real-time, independent indices of Spanish sovereign bonds. The indices will help participants track and trade Spanish government debt more effectively, and will provide transparency, tradability and independence, making them ideal tools for the creation of tracking instruments such as exchange traded funds (ETFs).

The MTS Spain Government Index comprises all Euro-denominated Spanish government bonds listed on the MTS platform with more than €2 billion in nominal amount outstanding, and with at least one year to maturity.

The new index range includes one comprehensive index including all Euro-denominated bonds, and six sub-indices with constituents split into maturity bands: One-three years maturity index Three-five years maturity index Five-seven years maturity index Seven-10 years maturity index 10-15 years maturity index 15 years or more maturity index

Patrick Jacq, Senior Fixed Income Strategist at BNP Paribas, commented:

“The launch of the MTS Spain Government Index brings investors a specific tool for measuring the performance of a local market, within the broader range of Eurozone issuers. The maturity-band sub-indices offer important references across the yield curve, especially in periods characterised by high volatility”.

Jack Jeffery, Chief Executive of MTS, said:

“Spain is a key market for MTS and the launch of the MTS Spain Government Index aims to give investors an efficient and effective portfolio benchmarking tool. It also broadens our MTS Index range, which is already used as a reference for assets amounting to more than €1 trillion and tracked by 30 ETFs”.

The MTS Spain Government Index is calculated and published in real-time from 9:00 to 17:30 CET, with daily snapshots at 11:00 CET, 16:00 and 17:30 CET.

The MTS Spain Government Index is an important addition to MTS country-specific indices which include MTS France, MTS Germany, MTS Italy and MTS Slovenia Indices.


Source: ETFWorld – MTS

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