Currencies

◆ Record IoIs and order book ◆ Landing flat to KfW ◆ Dollar yield plus SSA credit equals success

◆ KfW 'sets the tone' with second 10 year benchmark ◆ British Columbia brings 'very solid' deal ◆ CAF continues to attract investors with 'compelling story'

◆ Curve 'not super liquid' ◆ Fair value estimated ◆ Refinancing green SEK trade

◆ Market 'working brilliantly' across asset classes ◆ BNP Paribas Cardif's first tier two in 11 years ◆ Investors 'less keen' on UK credit

◆ Italian utility prints four and seven year bonds ◆ Shorter leg pulls in stronger demand ◆ Both tranches grow in size as pricing tightens

◆ Greek bank's first deal of the year ◆ Issuer took advantage of an empty market ◆ Priced with 5bp-7bp of new issue concession

Lufthansa, Oncor, TP and EWE hold investor calls

KfW to bring new euro 10 year as ADB joins tier one peers to test new tights to Treasuries

◆ Italian oil company prints five and nine year maturities ◆ Longer tranche draws stronger demand ◆ Tight execution keeps premiums in single digits

Concessions have tightened for both capital and senior trades, as technical conditions favour FIG issuers

◆ CEB's Anne Flori on seizing dollar window ◆ Some types of hedge funds welcomed ◆ Sterling, Aussie or Hong Kong dollars all possible

◆ Simultaneous execution with Alphabet's record deal bodes well for others ◆ More FIG names likely to print in near future ◆ Other European banks diversify funding in Singaporean and Australian dollars