Block performance mixed as banks compete aggressively for deals
![A logo sign outside of a facility occupied by BNP Paribas in Montreal, Quebec, Canada, on April 21, 2019.](https://assets.euromoneydigital.com/dims4/default/eab8705/2147483647/strip/true/crop/4000x2667+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F7f%2F29%2Fe8e98f954b9bb07b1739acac8a59%2Ftb50m0-1.jpg)
Deals get done at tight discounts while ECM activity remains low
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