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Just getting a deal done should be considered a success
It is difficult to see issuance conditions growing much better in the foreseeable future
Looming political upheaval is putting pressure on French banks to pay up to pre-fund but recent deals show what is possible and at what price
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Distinction in Europe’s corporate bond market is not a bad thing -
A slow destruction of misallocated investment is more likely than a sudden stop
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Defaulting to dollars in volatile times denies the euro market the resilience it needs
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Asset class could be protected by rising demand
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Enslaved by interest rate volatility, we are all rates traders now
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A corner of the UK market has provided one of the few pain trades so far since war broke out in the Middle East
