KfW urged to brave rough markets with 10yr dollar as curve flattens

After a punishing week in the triple-A dollar bond market, when deals for Rentenbank and Council of Europe were rocked by successive waves of gloomy news on the US economy, fixed income specialists were eager to find out yesterday (Thursday) whether KfW would take the daring step of launching a 10 year dollar deal.

  • 22 Feb 2008

The German state bank had made no announcement by Thursday, but bankers had been urging it to do the trade all week, as 10 year Treasury yields rallied and the curve reversed its steepening trend.

And market participants told EuroWeek on Thursday that three banks had already been mandated, ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,503.69 19 12.05%
2 Citi 11,025.37 16 9.84%
3 HSBC 10,438.07 12 9.31%
4 BNP Paribas 8,371.12 12 7.47%
5 Barclays 7,970.77 10 7.11%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 19,258.86 44 11.87%
2 JPMorgan 17,028.13 38 10.49%
3 Barclays 12,294.11 26 7.58%
4 Deutsche Bank 10,542.52 22 6.50%
5 HSBC 10,251.20 23 6.32%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,458.47 51 10.07%
2 HSBC 19,545.39 55 7.44%
3 Credit Agricole CIB 18,751.24 38 7.14%
4 BNP Paribas 18,161.36 34 6.91%
5 Barclays 17,311.25 36 6.59%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 47,893.64 205 7.93%
2 HSBC 39,754.93 139 6.58%
3 Citi 39,007.41 113 6.46%
4 Barclays 35,828.56 113 5.93%
5 Deutsche Bank 29,087.56 82 4.81%