Markets 'good enough' for FIG pipeline to carry on building
Deal arrangers said on Monday that banks would not be dissuaded from bringing new bond deals to the market, though spread levels have started showing their first signs of weakness following an extraordinarily strong month in May.
Spreads ended last week on a bit of a sour note. The iTraxx senior financials index moved 4bp wider on Friday, while the subordinated financials index widened by 7bp.
The moves came amid rising tensions between the US and China over the status of Hong Kong.But financial markets were ...