FOMO FIG: banks pile into stable August to beat autumn rush

Michael Tieck - stock.adobe.com

Any thoughts that the euro market might still be in holiday mode this week were laid to rest by banks piling on top of one another to rack up close to €10bn of new issuance. The unseasonable flow of supply has been as much about making the most of favourable conditions as avoiding an unprecedented cocktail of risks in the second half of 2018. Tyler Davies reports.