PMM: New issue concessions on the rise

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Corporate Bonds

PMM: New issue concessions on the rise

Johan Lai
May 25, 2021 04:00 PM
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Investors in Europe's high grade corporate bond market became increasingly selective last week. Average new issue premium shot up to almost 11bp from minus 2bp the week before. The move gave some insight as to which sectors of the economy investors see the pandemic recovery taking place in.

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Johan Lai
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