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Bifurcation is emerging in how investors treat the hyperscalers
◆ Japanese financial services group's UK arm prints three year bond ◆ Orderbook falls as issuer prices 'very tightly' ◆ Week front-loaded ahead of ECB meeting
◆ Only euro IG corporate deal on Monday ◆ Issuer slashes the spread and increases size ◆ Single digit concession spotted
Data
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Fundamentals have not changed but media storm makes investors long for clarity -
Demand for ADR swells to more than four times oversubscribed
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Holding company bonds battered: so far, secured bonds are only scratched
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New standards leave out impact but require transition plans and Scope 3
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July 4, Fed and earnings blackouts set to pause prospects
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