Financial issuers sacrifice yield for liquidity as investors hold power in pressured ECP market
Several financial issuers paid higher than normal spreads in the European commercial paper market this week to avoid liquidity problems. Dealers said the bargaining power sits with investors for most issues at the moment.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts