Currencies

This year’s target revised to record $11bn, bigger and bigger funding needs open doors to new opportunities

Japanese investors like the extra yield international borrowers can offer in the yen market

◆ Strong local demand shows eagerness to buy Aussie covereds at new, tighter levels ◆ RBC prices in line with CIBC's reopener of dormant sector ◆ Onshore demand seen supporting issuance up to five years

Stable backdrop, steady rates and strong demand give issuers reasons to move before the post-summer rush, bankers said

Money markets price a one in three chance of a Fed Funds rise on Wednesday

Summer in full swing but first two weeks of August not completely off the cards for non-euro deals

Average concessions for unsecured bonds in euros jump to 16 month high

◆ RBC to follow compatriot CIBC with five year public deal ◆ Earlier trade 'corrected' scarce supply, achieving high oversubscription ◆ Both banks appear ahead of expected local regulatory changes to covered bond treatment

◆ Oil slides, easing inflation fears ◆ Vote split and September QT signals to set tone for Gilts ◆ Oil-driven hike pricing unwinds days before the Bank decides

◆ Telco takes size in euros and duration in sterling ◆ Elevated premiums paid at the long end ◆ Sterling tranche AT&T's first since 2018

Market expects pipeline to pick up in second week of August

Thames's troubles are contained for now, but risk of contagion remains