“Clearly we have many clients who trade a combination of emerging market and G10 currencies, and this will enable us to look at foreign exchange much more holistically than we may have previously. That’s a sign of changes within the market,”
“Clearly we have many clients who trade a combination of emerging market and G10 currencies, and this will enable us to look at foreign exchange much more holistically than we may have previously. That’s a sign of changes within the market,”
Tight funding levels and an abundance of investor cash made for brisk MTN issuance in 2025. The story may change in 2026, with public market issuance named as one factor that could crowd out private placements. But a broadening Asian bid for MTNs offers hope for the market, writes Diana Bui