Primary hopes despite narrow window

Syndicate officials remained hopeful that primary supply will continue into next week, though a German bank holiday on Monday and non-farm payrolls on Friday may narrow the issuance window. This week’s trades have been reliant on domestic banks and syndicate bankers are therefore still awaiting a broadly distributed jumbo trade to spur activity. With selling pressure in the secondary easing and one primary trade performing well, there is cause for a little optimism.