Big guns hold fire after earnings glut

By David Rothnie
16 Oct 2020

The world’s biggest banks sat out the primary bond market in dollars this week, dashing hopes of a pre-election funding blitz.

The big six US banks reported third quarter earnings but none followed up with a bond issue, as market volatility returned on Thursday.  “It’s surprising that none of the [big banks] have come to the market,” said one syndicate head. “Today’s not a great day but the backdrop ...

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