US banks in spotlight as euros stay quiet in French election fog
US banks stole the show in the FIG market this week after publishing their first quarter results, but European banks could soon return to their domestic currency if the French presidential elections give participants great clarity.
On Wednesday Bank of America printed a huge $6.75bn senior debt offering in the US market, which, alongside deals from JP Morgan, Citi and Morgan Stanley, brought the total volume of domestic FIG issuance to about $13bn in dollars for this week alone.
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