UK credit bashed wider by Brexiteer resignations

When market makers start sending runs (lists of prices) based on nation states rather than sectors it may be a harbinger of fundamental change in how European credit is traded.

  • By GlobalCapital
  • 15 Nov 2018

By Gavan Nolan, IHS Markit

That is precisely what we are seeing as the Brexit process descended into chaos on Thursday. A number of UK cabinet members have resigned in protest at Theresa May’s draft EU withdrawal agreement, quashing hopes that it would bring certainty and stability to markets.

Instead, ...

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4 MUFG 1,257.24 4 3.87%
5 SG Corporate & Investment Banking 1,165.08 6 3.58%

Bookrunners of all EMEA ECM Issuance

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3 Morgan Stanley 572.72 3 7.74%
4 Bank of America Merrill Lynch 509.34 3 6.88%
5 Jefferies LLC 409.89 4 5.54%