Index skews sound reminder of credit interplay

Rates and equity markets are now embroiled in a tussle that has upset the pervasive complacency of the beginning of 2018. This has naturally affected the credit markets, with primary credit indices experiencing considerable volatility. This may not be as newsworthy as the VIX, but it is notable nonetheless.

  • By GlobalCapital
  • 15 Feb 2018

Gavan Nolan

The Markit CDX.NA.IG has widened from 45bp to60bp since January 26, a move reminiscent of the fourth quarter of 2015 and first quarter of 2016, when the plummeting oil price sent shockwaves through the US energy sector. 

The spread elevation in the Markit iTraxx Europe was less ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 186,867.44 727 7.96%
2 JPMorgan 179,438.72 796 7.64%
3 Bank of America Merrill Lynch 171,981.94 568 7.33%
4 Barclays 149,114.94 517 6.35%
5 HSBC 131,579.74 600 5.60%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.28%
2 BNP Paribas 23,481.31 80 6.72%
3 Citi 19,694.20 52 5.64%
4 SG Corporate & Investment Banking 18,198.32 63 5.21%
5 Credit Agricole CIB 18,085.88 74 5.18%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 8,528.32 38 9.20%
2 JPMorgan 8,142.46 34 8.79%
3 Citi 7,179.38 39 7.75%
4 UBS 5,926.29 19 6.40%
5 Deutsche Bank 4,787.10 31 5.17%