Currencies

Ludwigsburg eyes duration, while MBH plans 'classic club' deal

◆ French bank's insurance arm is a very rare issuer in the open market ◆ New RT1 is a public deal but done as a 'restricted placement' ◆ Refinances a call on €1bn tier one from 11 years ago

Issuers are keen to lock in tighter levels before chancellor Rachel Reeves' big announcement

UK bank trio stands out in heavy Yankee onslaught either side of Fed meeting

Foreigners' love of Swiss francs presents an unlikely opening for overseas borrowers

ESG deals show there is more to labels than just saving on spread

EFSF and EU have deals to come but 2026 conversations have already started, with long end yields in focus

◆ Popular Adidas more than four times covered at peak ◆ Investors leap at rare deal ◆ Tight top quality credits used for pricing

◆ Sterling covered bond follows AT1 and senior deals in US dollars ◆ Latest trade is the tightest Sonia covered of 2025 ◆ Comes amid visible recent performance in the asset class

Sovereign prices flat to euro curve and 'well in line' with peers despite being less frequent in the currency

Next FOMC meeting now 'more interesting' but front-end govvies trading fair, say market participants

With issuers in earnings blackouts or nearing the end of their 2025 programmes, issuance slumped in October compared to the September rush