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 Barclays 14,544.75 18 10.40%
2 JPMorgan 13,122.11 20 9.38%
3 Citi 12,168.30 20 8.70%
4 HSBC 10,850.10 15 7.76%
5 NatWest Markets 9,080.61 8 6.49%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 34,721.32 92 12.32%
2 JPMorgan 25,730.35 63 9.13%
3 HSBC 24,143.03 57 8.57%
4 Bank of America Merrill Lynch 21,642.93 64 7.68%
5 Deutsche Bank 19,993.80 31 7.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 31,770.50 80 8.36%
2 Barclays 27,937.95 51 7.35%
3 HSBC 26,536.90 91 6.98%
4 UniCredit 26,134.28 69 6.87%
5 BNP Paribas 24,736.61 55 6.51%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 67,204.78 382 7.05%
2 Citi 65,839.22 241 6.91%
3 HSBC 60,617.24 227 6.36%
4 Barclays 52,392.60 191 5.50%
5 Deutsche Bank 45,779.29 142 4.80%