Corporate bond bullishness justified as market calls ECB correctly

By Nigel Owen
26 Oct 2017

Corporate issuers returning from results blackout wasted no time in wading back into the bond market this week, and with investors confident in predictions that the European Central Bank would not spring a nasty pre-Halloween surprise, the result was a series of blow-out books, jumbo deals and tight pricing. Nigel Owen reports.

In the traffic light code bankers use on calendars in their pitchbooks to highlight windows of issuance, October 26 would have been coloured red for many months. The potential volatility in bond and derivatives markets caused by central bank announcements means issuers avoid days like this.

While no corporate ...

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