Sovereigns - All Articles

  • First ECB Pepp data shows focus on Italy, Germany and Spain but not France

    The ECB published its first release of the data showing its purchases under its €750bn Pandemic Emergency Purchase Programme (Pepp) on Tuesday, revealing that it has bought proportionately much less French government debt than the bonds of Italy, Germany and Spain. The programme could be increased by as much as two-thirds this week.

    • 02 Jun 2020
  • Italy and EU to hit euro SSA market ahead of Pepp boost

    Italy and the European Union will reboot the euro public sector bond market on Wednesday after announcing syndications of new 10 and 15 year bonds, respectively. The deals will come ahead of the European Central Bank’s meeting on Thursday, in which it is widely expected to increase the size of its Pandemic Emergency Purchase Programme (Pepp).

    • 02 Jun 2020
  • SSA secondary pricing update: Iceland's six year heats up

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, June 1. The source for secondary trading levels is ICE Data Services.

    • 02 Jun 2020
  • US regulator warns of lockdown threat to financial stability

    The US Office of the Comptroller of the Currency (OCC) is urging local officials to ease their Covid-19 lockdown measures, warning that some banks are now suffering delinquency rates in the mid-double digits on their small business loan books.

    • 02 Jun 2020