January supply looms over nervy bond market as EU dashes hopes

THE European Council agreed on Thursday evening to a limited treaty amendment to set up a permanent mechanism to safeguard the stability of the eurozone. But bond market participants are increasingly fearful about the prospects for the large amounts of euro denominated public sector debt expected to hit the markets in January and February.

  • 17 Dec 2010

Observers had hoped that politicians would use the EU summit on Thursday and Friday to agree on measures that would calm eurozone bond markets.

Proposals include increasing the size of the European Financial Stability Facility, perhaps even extending the EFSF’s mandate to buying government bonds or helping recapitalise the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,313.87 13 14.29%
2 Citi 7,613.24 10 9.61%
3 HSBC 7,509.50 7 9.48%
4 BNP Paribas 7,165.31 9 9.05%
5 Credit Agricole CIB 6,754.94 7 8.53%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 12,172.38 24 14.18%
2 JPMorgan 9,485.94 18 11.05%
3 Barclays 7,464.36 14 8.69%
4 HSBC 6,884.61 11 8.02%
5 Bank of America Merrill Lynch 5,863.94 19 6.83%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,561.05 26 11.23%
2 Credit Agricole CIB 14,775.81 20 9.45%
3 HSBC 13,041.21 24 8.34%
4 SG Corporate & Investment Banking 10,788.22 13 6.90%
5 Barclays 10,649.23 15 6.81%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,944.56 81 9.01%
2 HSBC 24,369.60 62 7.59%
3 Citi 24,005.11 57 7.47%
4 Barclays 23,059.11 55 7.18%
5 Goldman Sachs 17,532.07 28 5.46%