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With billions of funding to be done, it will serve hyperscalers well to be less ambiguous
◆ Demand sticky despite tight pricing ◆ Trade performing in secondary ◆ Tight senior/sub spread spotted
'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts
New record low spread gap between senior and hybrid bonds
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The first batch of European corporate earnings have shown multi-year weaknesses
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Tightly trading bonds look ripe to gap wider as conditions expected to deteriorate
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Investors forced to accept deals priced close to secondary curve as supply dwindles
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Even lowest rated names only pay up a handful of basis points
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Demand proves solid even down the ratings spectrum
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Las Vegas resort and casino operator, owned by Malaysia’s Genting, seals $400m crossover bond on long-term investor support