Currencies

Core currency primary supply accelerates across the board

Three year floating rate covered deals pricing flat to fixed rates

Week promises fireworks as more US names and another airline join the melee

Borrowers market euro benchmarks on Friday ahead of bustling week for issuance

Home advantage sees total issuance for May exceed Sfr3bn

Santander shows big AT1 deals work best alongside tender offers

Going longer doesn’t seem as steep when everything is elevated

◆ Favourable dollar market draws foreign and domestic FIG issuers ◆ NatWest chooses dollar for AT1 to achieve best post-swap cost ◆ String of senior issuance also offers rare five year FRN

Rampant bid but issuers likely to wait for spreads to tighten

Small deal sizes but ambitious maturities tipped as route to success

◆ 'A nice print' say rival bankers ◆ US bank raised €2.25bn and 'could have taken more' ◆ Green FRN label questioned as 'nobody cares'

Another €34bn needed to reach recent average for month, and next week is only one without holidays or central banks