Corporate primary faces test in secondary spread behaviour

By Jon Hay
15 Jan 2020

European corporate bond specialists are keeping an eagle-like watch on how well new issues trade in the immediate aftermarket. Any widening could kick off a trend towards higher new issue premiums.

The present tight spreads are a worry for syndicate officials, after a sharp rally late last year prompted by European Central Bank bond buying largesse.

“The real test for spreads will be how deals perform,” said a head of syndicate. “A lot of them have traded around reoffer, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.