Bankers expect busy corp bond week as markets rise on holiday

By Alex Radford
10 Jun 2019

This week is set to be busy in Europe's investment grade corporate bond market, despite yet another dead day on Monday because of public holidays. Equities rose on Monday and sentiment is good; market participants have decided they are comfortable with what they got from the European Central Bank on Thursday.

Last Thursday, the ECB announced the details of its third Targeted Longer Term Refinancing Operations. They were as expected: the rate will range between 10bp above the refinancing rate and as low as 10bp above the deposit rate.

But Mario Draghi was clearly anxious to make dovish noises, and ...

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