Euro Commercial Paper Outstandings Drop by USD11.8bn in Latest Week
The amount of outstanding Euro commercial paper (CP) and certificates of deposit (CD) declined significantly in the week ending July 1st, according to CMDPortal data. Outstandings dropped by USD11.80 billion to USD861.59 billion during the week. Sovereign, supranational and agency ...
Deutsche downplays Greek Contagion.
Their key arguments 1. Macroeconomic fundamentals are not like 2010 2012 Private sector direct exposure to Greece is smaller. Peripherals current accounts are in positive territory.2. Euro area crisis management tools are much stronger than in the past ECB will ...
Euro Commercial Paper Outstandings Stay Stable in Latest Week
The amount of outstanding Euro commercial paper (CP) and certificates of deposit (CD) declined by a marginal amount in the week ending June 24th, according to CMDPortal data. Outstandings dropped by USD208 million to USD873.39 billion during the week. Sovereign, ...
Euro Commercial Paper Outstandings Drop Slightly by USD1.05bn in Latest Week
The amount of outstanding Euro commercial paper (CP) and certificates of deposit (CD) declined slightly in the week ending June 17th, according to CMDPortal data. Outstandings dropped by USD1.05 billion to USD873.60 billion during the week. Sovereign, supranational and agency ...
ING Appoints Eden Riche as Head of Syndicate as Bank Stays Stable in League Table
It has been reported that ING has appointed Eden Riche as the Head of the London Syndicate desk. Riche joins from Investec, where he was most recently the Head of High Net Worth Lending. Prior to this, he spent 3 ...
Pioneer Investments Launches Short Term EM Bond Fund
Pioneer Investments has launched a new short term emerging markets bond fund. Yerlan Syzdykov will manage the strategy, which will combine top down and bottom up principles. The new fund will target a duration of between one and three years, ...
Japanese Investors' Growing Interest for Gulf Paper Drives MashreqBank's Debut Yen MTN
Japanese investors have increasingly turned to Middle Eastern supply this year. Good credit stories and strong investment grade ratings, coupled with the heavily sought after yield offerings, have opened the JPY denominated MTN market to more and more Gulf banks. ...
Euro Commercial Paper Outstandings Drop Substantially by USD11.13bn in Latest Week
The amount of outstanding Euro commercial paper (CP) and certificates of deposit (CD) declined substantially in the week ending June 10th, according to CMDPortal data. Outstandings dropped by USD11.13 billion to USD874.65 billion during the week. Sovereign, supranational and agency ...
From the Editor
Tuesday's Issuance Takes Off with Another Mixed Credit Session
Slightly wider credit markets were in place on Tuesday, with Greece still on the agenda the market is looking to Wednesday for a potential deal. Equity markets are weaker, but on the other hand the primary debt market witnessed a ...
From the Editor
Week Opens on Risk On with Tier 2, HY and Peripheral Supply
The focus on the start of this new week was on the G7 meeting, which emphasized the current challenges to the economy in their final statement. Global monetary policies will continue to support the recovery. The Greek story was also ...
JPY Credit-linked Investors Go Down Under for Better Returns
Low rates in the Japanese bond market have pushed investors to take on more risk, in order to get hold of a better return. Many investors have sought these higher returns abroad, either through foreign credits or higher yielding currencies. ...
Nick Darrant to Leave BNP Paribas' Debt Syndicate for JP Morgan
Nick Darrant will soon be joining JP Morgan’s debt business. He is currently on gardening leave until September, after leaving French bank BNP Paribas. He was most recently the Head of Central and Eastern Europe, Middle East and Africa Debt ...
EGB Supply to Increase to EUR21.5bn in Week Ahead
Next week, EGB supply is expected to increase to EUR21.5bn, from EUR16.6bn this week. There will also be EUR15bn of redemptions in Germany in the week ahead. Austria will open the EGB market on Tuesday. On Thursday, we will see ...
Drop in EUR SSA Activity Sees Issuance Fall for 4th Straight Month
The SSA bond market switched to an expansion mode in May, with outstandings rising by USD18.70bn. This follows a USD9.51bn contraction in the month prior. In total in May, USD66.44bn worth of bonds settled, against USD47.74bn worth of redemptions. ...
Euro Commercial Paper Outstandings Decline by USD831m in Latest Week
The amount of outstanding Euro commercial paper (CP) and certificates of deposit (CD) stayed stable in the week ending June 3rd, according to CMDPortal data. Outstandings dropped slightly by USD831 million to USD885.79 billion during the week. Sovereign, supranational and ...
From the Editor
Risk Appetite Keeps AT1, HY and ABS Markets Open on ECB Day
The credit market was stable on Wednesday, as all eyes were on the ECB meeting and press conference. As expected, the key rate and stimulus measures were left unchanged. Draghi's positive comments and projections resulted in a rise in govvie ...
German 5yr Yields Rise 16bps as Higher Inflation and Greek Deal Near
Germany was in the auction market on Wednesday, reopening the 17 April 2020 bond. It issued a total of EUR2.391bn, at an average yield of 0.09%. The BTC ratio was 1.6. At the end of April, Germany also issued EUR3.274bn ...
Banks Ramp Up USD Funding Amid EUR Yield Volatility
In the 3rd party FIG bond market in the month of May, new issuance reached a total of USD70.06bn. This is a 20% increase from April’s activity, but it is still slightly below March’s issuance. It is also well ...
From the Editor
Sub, AAA and Green Supply Mix Up Tuesday's Session
The start of this new week was positive for the bond market. Issuance was solid and the week has already got off to a good start for covering next week's redemptions. Risk appetite was surprisingly good and opened the market ...
Petrobras Pays the Price but Attracts USD13bn for Century Bond
Century bonds started to once again grab the market’s attention in 2010. Interest rates in the developed economy have dropped in the past few years, pushing investors further out on the maturity curves for better returns. At the same time, ...