Description

This index is designed to mirror the inverse daily performance of a specific segment of the bond market: Euro-denominated sovereign debt issued by Eurozone governments. It provides broad exposure across the entire maturity spectrum, including bonds with a remaining term of at least one year. Only debt instruments classified as investment grade are eligible for inclusion, and each individual bond issue must have a minimum outstanding volume of EUR 1 billion. The index's daily performance is calculated by combining the daily return of the Markit iBoxx Euro Sovereigns Eurozone Index with the daily returns of both EONIA and the Repo rate. Further details regarding the index's methodology and the broader Markit iBoxx index family are available on the official Markit iBoxx website (https://www.markit.com).