Copying and distributing are prohibited without permission of the publisher.

Watermark

PMM: Investors more selective in crowded market

shop_adobe_575x375_20
By Johan Lai
15 Jun 2021

The primary market was lively last week ahead of last Thursday’s European Central Bank meeting. Total issuance across the four markets that PMM reports on — SSA, covered bonds, FIG and corporate bonds — was double the previous week's total at almost $60bn-equivalent. The glut of supply afforded investors the ability to be picky and widening spreads in GlobalCapital’s data suggests that they are drawn to higher yields and green labels.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Johan Lai
15 Jun 2021