Currencies

Market dumps bonds due to talks with German state over billions in guarantees

Issuer raises £1bn from a three year covered bond, the third in the currency since Nationwide and Skipton issued longer deals

◆ Deal resuscitates near two-month hiatus in sterling unsecured FIG issuance ◆ Final book above £3.6bn hailed as ‘confidence’ booster for sterling market ◆ Varying NIP views at 20bp-30bp

No Pepp talk from Lagarde relieves market participants but issuance could face ‘headwind into next year’

Relieved market enjoys a rally, but weaker names are still out of favour

Despite rush of agency deals in dollars, pinpointing fair value is hard

Traditional finance turns its back on the sector as mass ratings downgrades loom

Tumbling sentiment and red flags for the eurozone economy to slam end of year activity

Investors 'jump all over' UK building society

French agency is keen to issue €4bn-€5bn of green and social bonds next year

Australian borrower sets up investor calls for euro trade

G-SIBs looking at stable yen funding should consider clarifying their senior preferred documentation to expand investor access amid rising funding costs