Bazooka or water pistol, Draghi is guaranteed to disappoint

There is typically a degree of consensus among market participants as to what a central bank will say at its upcoming monetary policy meeting. But, days before the European Central Bank’s Governing Council gathering on Thursday — the most important of the year and perhaps ever — there are wide ranging views as to what its president Mario Draghi will announce at his swansong meeting. Someone will get burned.

  • By Burhan Khadbai
  • 10 Sep 2019

Bonds across the eurozone have rocketed in recent months sending yields deeply negative. Almost €17tr worth of bonds carry a negative yield and around 90% of all SSA and covered bonds are yielding below 0%, according to analyst estimates.

A number SSA and covered bonds have even been ...

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All International Bonds

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 JPMorgan 351.71 1621 8.41%
2 Citi 325.58 1385 7.78%
3 Bank of America Merrill Lynch 272.19 1172 6.51%
4 Barclays 248.32 1038 5.94%
5 HSBC 206.35 1143 4.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 39.70 182 7.06%
2 Credit Agricole CIB 37.82 159 6.72%
3 JPMorgan 30.68 81 5.46%
4 Bank of America Merrill Lynch 26.25 77 4.67%
5 Deutsche Bank 25.94 95 4.61%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11.04 74 9.50%
2 Morgan Stanley 10.59 51 9.12%
3 Goldman Sachs 9.63 50 8.29%
4 Citi 7.77 60 6.69%
5 Bank of America Merrill Lynch 5.50 29 4.73%