Investors look for QE clue from ECB forecast

Investors are eagerly awaiting the release of the European Central Bank’s next set of inflation forecasts on Thursday, which will be the first to include estimates for 2020. The figures could provide a clue as to whether the central bank will keep pumping money into SSA bonds after September next year.

  • By Craig McGlashan
  • 13 Dec 2017
The ECB is set to halve its overall bond purchases to €30bn from January and has said it will keep buying bonds until at least September. Investors and bankers expect that to cause some mild spread widening in the latter half of next year — although that will ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,397.90 76 12.19%
2 JPMorgan 23,142.72 55 9.28%
3 HSBC 22,678.54 51 9.09%
4 Deutsche Bank 19,371.31 29 7.77%
5 Bank of America Merrill Lynch 19,305.57 55 7.74%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,932.95 62 8.19%
2 Barclays 25,202.39 44 7.66%
3 HSBC 23,409.02 79 7.12%
4 UniCredit 23,330.71 59 7.09%
5 BNP Paribas 21,558.84 41 6.55%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,719.26 309 7.20%
2 Citi 56,898.32 195 6.97%
3 HSBC 55,466.70 199 6.80%
4 Barclays 46,182.34 156 5.66%
5 Deutsche Bank 42,629.21 119 5.22%