US FIG market gives cause for hope
Surprise, surprise, it is the US market which is yet again showing the way for financial institutions. Barclays printed a $1.25bn 10 year subordinated yesterday (Tuesday) at 125bp over Treasuries. If Europe takes its cue from the US, this renews hopes that the last few days of the year could see some issuance. To read whether you should get your hopes up, read EuroWeek this week.
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