SSA investors jittery over central bank triple threat

The Federal Open Market Committee in the US, the European Central Bank and the Bank of Japan all have monetary policy meetings this week. The hectic programme of rate decisions has left investors understandably nervous.

  • By Craig McGlashan, Lewis McLellan
  • 13 Jun 2018
The Federal Reserve is first on the docket. A 25bp hike in the Fed Funds rate is the expectation that has been implied by futures prices for months and should not cause any meaningful volatility. However, dollar borrowers and investors alike are likely to steer clear of the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,073.09 4 17.88%
2 JPMorgan 2,073.34 2 12.06%
3 Citi 1,909.99 3 11.11%
4 HSBC 1,742.95 2 10.14%
5 Natixis 1,493.49 1 8.69%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 3,792.03 6 18.05%
2 HSBC 3,617.55 3 17.22%
3 Citi 2,909.53 6 13.85%
4 BNP Paribas 2,665.27 3 12.69%
5 Barclays 2,134.63 2 10.16%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 4,603.00 6 11.00%
2 JPMorgan 4,227.97 7 10.11%
3 HSBC 3,270.10 4 7.82%
4 Bank of America Merrill Lynch 3,252.97 4 7.78%
5 SG Corporate & Investment Banking 3,009.71 3 7.19%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,302.87 27 12.33%
2 Citi 10,860.80 22 10.07%
3 HSBC 10,480.84 16 9.72%
4 Barclays 9,727.11 17 9.02%
5 BNP Paribas 7,845.59 13 7.27%