EuroMTS launches Eurozone government broad index and country indices

Source: EuroMTS

MTSNext is pleased to announce the continued expansion of the EuroMTS family of indices with the launch of the EuroMTS Eurozone Government Broad Index, a representative benchmark for the entire eurozone government bond market, and three country index families: MTS Deutschland, MTS France, and MTS Italy Government Bond Indices.

The EuroMTS Government Broad Index is composed of all fixed-coupon eurozone government bonds listed on the MTS trading platforms with more than €2 billion outstanding and more than one year to maturity. The new index complements the existing EuroMTS Global Index (ex-CNO Etrix Index), using a larger number of securities to reflect the eurozone government market and thereby offering investors a broader benchmark. The EuroMTS Government Broad Index includes eight sub-indices, which encompass the maturity bands: 1-3 years, 3-5 years, 5-7 years, 7-10 years, 10-15 years, 15+ years, 15-25 years and 25+ years.

In addition to sub-indices by maturity, the EuroMTS Eurozone Government Broad Index also includes sub-indices by country. Initially, these sub-indices cover Germany, France and Italy, the three largest eurozone government bond markets. Additional eurozone country indices will be added later this year. These country sub-indices provide for the first time a real-time comparison of the various eurozone government bonds markets versus one another and the entire eurozone government bond market.

Marie Brigitte Lejeune, Deputy Head of Fixed Income Funds Management, CM-CIC Asset Management, said: "We welcome the launch of the new MTS country indices. These indices will provide a key reference for measuring the performance of local government bond markets within the eurozone, on a broad basis and all along the curve using the maturity bands."

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