BoE ‘hints at hike’, Gilt curve extension calls

Investors this week called on the UK Debt Management Office (DMO) to extend the sovereign’s curve with its next syndication. Meanwhile, the buy-side cheered an agreement on a Brexit transition deal and analysts eyed a Bank of England rate hike in May, after its latest Monetary Policy Committee (MPC) meeting this week.

  • By Craig McGlashan
  • 22 Mar 2018

On Thursday, the MPC voted by 7-2 to hold the Bank Rate at 0.5%, and it voted unanimously to maintain its stock of Gilt purchases at £435bn ($613.19bn) and of non-financial, investment grade corporate bond purchases at £10bn.

But the minutes of the meeting suggest that a hike ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,575.88 26 9.55%
2 Barclays 15,585.79 20 8.98%
3 Citi 15,428.98 26 8.89%
4 HSBC 12,009.31 18 6.92%
5 BNP Paribas 11,235.58 17 6.48%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,072.83 119 12.29%
2 HSBC 30,286.67 79 8.44%
3 JPMorgan 30,034.04 86 8.37%
4 Bank of America Merrill Lynch 28,490.01 86 7.94%
5 Goldman Sachs 26,512.56 61 7.39%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,494.64 97 7.67%
2 HSBC 33,049.47 129 7.14%
3 UniCredit 32,836.18 95 7.10%
4 Barclays 32,248.82 64 6.97%
5 BNP Paribas 27,773.05 69 6.00%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,585.39 290 6.81%
2 JPMorgan 78,905.10 458 6.59%
3 HSBC 75,328.25 308 6.29%
4 Barclays 61,512.07 243 5.14%
5 Deutsche Bank 54,387.29 174 4.54%