| FOCUS 27/02/2019 2
Changes to index structure
Germany is likely to see the biggest rise in its weighting
and Spain the largest drop, +0.32pp and -0.32pp,
respectively.
See figures 3 and 4 for BNP Paribas’ estimates of the
change in each country’s weighting in the index in
February.
Table 1 shows index entries; Table 2 shows index exits.
Contribution to the overall duration change
Belgium, Italy and France looks set to be the largest
contributors to the iBoxx duration increase in February,
accounting for about 52% of the rise. Germany will also
contribute to the increase.
G10 INTEREST RATES
Fig. 3: BNP Paribas estimates of February change
in country weightings in the index
Source: BNP Paribas
Source: BNP Paribas.
Table 1: BNP Paribas estimates of February
index entries by bond
Fig. 4: BNP Paribas estimates of February
index entries and exits by country
Source: BNP Paribas
Source: BNP Paribas
Table 2: BNP Paribas estimates of February
index exits by bond
Agne Stengeryte, Europe Rates Strategist | BNP Paribas London Branch。