SSA dollars in demand despite low yields

Record low yields and tight swap spreads have not hit demand for supranational and agency issuance in the dollar market, as the readily absorbed $10.5bn of supply launched this week amply proved. It was the biggest volume since the third week of January.

  • 13 May 2011

"It is clear from the recent performance of top quality SSA names that demand for liquid high grade paper is probably at the highest it has been so far this year," said Stuart McGregor, head of SSA debt capital markets at Bank of America Merrill Lynch in London.

The ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,408.33 81 12.22%
2 JPMorgan 23,640.34 56 9.20%
3 HSBC 23,014.61 52 8.95%
4 Bank of America Merrill Lynch 19,900.14 59 7.74%
5 Deutsche Bank 19,121.36 29 7.44%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,037.51 66 7.92%
2 Barclays 25,435.97 46 7.45%
3 UniCredit 25,297.29 63 7.41%
4 HSBC 23,482.89 81 6.88%
5 BNP Paribas 21,888.86 45 6.41%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,631.02 334 6.92%
2 Citi 59,284.35 218 6.88%
3 HSBC 56,064.57 206 6.50%
4 Barclays 47,788.04 175 5.54%
5 Deutsche Bank 43,643.71 131 5.06%