Currencies
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Late-week surge shows investors remain hungry for paper despite macro volatility
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Primary market outcomes do not reflect the geopolitical reality
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Regional US and Canadian banks dominate issuance as tight spreads outweigh Greenland jitters
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Primary market shows strength but pockets of weakness a reminder that ‘1bp could make all the difference’
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Munich-based company's deal is one of five launched this month
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◆ Spread tightened by 5bp ◆ Banker put fair value just inside 58bp ◆ Canadian banks continue strong start to year in covereds
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◆ First French public sector borrower in dollars in a year ◆ New issue concession estimated ◆ Secondary performance expected
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'A change in vibes in the market' sensed in the state's deal, but real money shows support
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◆ BayernLB lands covered at 23bp over mid-swaps ◆ Banker says deal landed at fair value ◆ PBB achieves 'blow-out deal'
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◆ Hamburg Commercial Bank prices with 0bp-1bp of NIP ◆ Crédito Agrícola attracts €2.7bn of orders for debut benchmark deal ◆ Erste Bank Hungary offers CEE pickup
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Sovereign keeps to tenor rotation and 15 year proves 'a good fit' in current market