According to CoinMeta, institutional analysis indicates that after the market digested the issuance of large amounts of euro-denominated bonds, the spreads on euro credit bonds saw a reversal last week, despite the still substantial volume of corporate bond issuances. Meta issued euro bonds for the first time last week, raising 9 billion euros (about 10 billion US dollars). In addition, the Democratic Party's victory in the mid-term elections in the United States last week increased the prospects for a cooling of tensions between the US and Iran, alleviating investors' nervousness. Creditsights Analysts stated in a report that the spreads on euro investment-grade credit bonds narrowed by two basis points to 102 basis points.