Investors foresee small bouts of corp spread widening

Corporate bond investors are developing their views for 2018, particularly as new issuance looks set to peter out for the year. There may be only a week or two left of active primary markets, and this week has been shortened by Thursday’s Thanksgiving holiday in the US.

  • By Nigel Owen, Victor Jimenez
  • 22 Nov 2017

Monetary policy normalisation is in the centre of investors’ radar screens. With inflation starting to rise, the challenge for fixed income investors is no longer just to hunt for yield, but to produce a real return.

“We have seen substantial inflows to the asset class for the last ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,455.49 276 6.36%
2 Bank of America Merrill Lynch 55,573.97 260 6.04%
3 Citi 45,628.28 268 4.96%
4 Barclays 43,898.26 166 4.77%
5 Goldman Sachs 43,156.81 166 4.69%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,529.66 58 9.48%
2 SG Corporate & Investment Banking 11,253.99 46 7.34%
3 Deutsche Bank 10,298.29 46 6.72%
4 Goldman Sachs 10,065.64 26 6.56%
5 JPMorgan 9,061.47 40 5.91%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,858.53 33 8.03%
2 JPMorgan 2,667.48 29 7.49%
3 Credit Suisse 2,291.44 22 6.44%
4 Goldman Sachs 2,130.55 21 5.98%
5 Deutsche Bank 1,993.88 21 5.60%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,652.56 91 9.83%
2 Citi 8,822.41 74 7.44%
3 Barclays 8,072.49 58 6.81%
4 Goldman Sachs 7,786.76 64 6.57%
5 Bank of America Merrill Lynch 7,654.81 72 6.45%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 13,598.95 54 6.26%
2 HSBC 12,981.78 56 5.97%
3 JPMorgan 12,819.24 44 5.90%
4 Barclays 12,626.64 38 5.81%
5 Citi 11,913.13 50 5.48%