2019 - Draghi’s legacy vs US growth?

The US Federal Reserve has been raising rates for nearly three years now and was tapering its quantitative easing for two years before that. Meanwhile the European Central Bank was still cutting its rates and only in 2018 did it start tapering its quantitative easing. However, the change in the ECB’s policy may mean we see growth converging rather than diverging and it is something investors are already considering.

  • By Nigel Owen, Victor Jimenez
  • 21 Nov 2018

“The theme in 2014/2015 was divergent monetary policy,” said Eric Stein, co-director of global fixed income at Eaton Vance. “In 2018 we had divergent economic growth, but in 2019 we could see converging growth and converging policy.”

“For a long time there has been talk that the ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,065.90 76 7.04%
2 Barclays 14,324.58 54 5.58%
3 JPMorgan 13,715.52 62 5.34%
4 Deutsche Bank 13,703.65 55 5.34%
5 Goldman Sachs 12,468.02 53 4.86%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 SG Corporate & Investment Banking 4,045.97 15 8.02%
2 Citi 3,792.90 15 7.52%
3 Deutsche Bank 3,350.30 14 6.64%
4 Barclays 3,308.76 11 6.56%
5 Credit Agricole CIB 3,046.24 15 6.04%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 397.10 3 12.77%
2 JPMorgan 300.50 3 9.66%
3 Deutsche Bank 200.50 2 6.45%
4 Credit Agricole CIB 193.60 2 6.22%
5 UBS 187.50 2 6.03%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,219.24 22 10.20%
2 JPMorgan 2,544.70 20 8.06%
3 Credit Suisse 2,364.95 15 7.49%
4 Goldman Sachs 2,331.78 17 7.39%
5 Barclays 2,307.33 19 7.31%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 4,228.88 14 6.59%
2 Citi 4,092.60 11 6.38%
3 SG Corporate & Investment Banking 3,771.05 15 5.88%
4 Deutsche Bank 3,663.73 11 5.71%
5 Bank of America Merrill Lynch 3,179.12 11 4.95%