Brexit

While some believed Brexit would be a blow to high yield, it is instead a gentle tap on the shoulder, according to Nationale Nederlander Investment Partners, with the market still set to benefit from investors' search for yield.

Support for the London Stock Exchange and Deutsche Börse’s merger plans has solidified among the German exchange’s shareholders, with more than 75% having tendered their shares — crossing the original threshold set by management.

Anyone who thinks that a merger between LSE and Deutsche Börse is odds-on now they have shareholder approval should hold that thought — there is still a very long way to go, with many twists and turns ahead.

The London Stock Exchange and Deutsche Börse are gearing up for a protracted examination by European regulators and competition authorities after the German exchange this week narrowly achieved the required votes from its shareholders to approve the planned merger.

Did Juncker just shut the Barnier door?

Deutsche Börse and CME Group have both reported double digit revenue growth in the second quarter, helped in part by a spike in derivatives trading volume around the UK’s vote to leave the European Union.

Euro high yield issuance has largely brushed off concerns about the UK's vote to leave the European Union, but despite a surge of deals some corporates are still holding back from the market.

Uncertainty over the UK’s future following its vote to leave the European Union and the loss of its last triple-A rating failed to make any dent in demand for the first Gilt syndication since Brexit. Instead, the only real effect was the rock bottom yield at which the sovereign was able to issue.

The Gilt market on Tuesday once again highlighted its immunity to concerns around the UK's vote to leave the EU, as the Debt Management Office conducted a trademark smooth execution with a tap of its 0.125% November 2065 inflation-linked bond.

Petrochemical manufacturer Ineos on Monday launched a €1.1bn-equivalent refinancing deal into a high yield market that has thrown caution to the wind.

In the immediate aftermath of the Brexit vote, London’s loss of its status as leading RMB hub in Europe seemed highly likely, a turn of events that left China and the UK to figure out how to move forward from the “golden era” they had on just ushered in. But a more nuanced picture is now starting to emerge.

The immediate post-Brexit result landscape looked like a daunting one for eurozone periphery issuers. But just under a month later, one could argue they have never had it so good.