Corporate momentum brings great performances

Nearly Eu8bn of issuance in the first two days of the week has again showed momentum building in the primary corporate bond market. Corporates from many sectors have accessed funding and most have printed tighter than guidance. Syndicate officials say that the pipelines are still busy. Today, Repsol is expected to print Eu1bn of five year paper at mid-swaps plus 370bp and to find out how this and all the rest of the market performs read EuroWeek on Friday.