The investment grade bond market was noticeably cooler on Wednesday morning, compared to the €7.4bn and €5.4bn issued on Monday and Tuesday, respectively. Though calling it quiet would be a disservice, with Wednesday’s issuers looking to borrow €2.5bn. Meanwhile, a bond deal for a fertiliser mine in Yorkshire disappeared down a black hole.
“The market is a bit quiet,” said one corporate bond banker this morning. “I think it’s just the whopping supply at the beginning of this last week. The market has to digest this supply and that is why it has hit the breaks a bit. But, nevertheless there’s
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