Currencies
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Bifurcation is emerging in how investors treat the hyperscalers
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Takeover will increase the Hungarian bank's total assets by around 13%
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◆ Japanese financial services group's UK arm prints three year bond ◆ Orderbook falls as issuer prices 'very tightly' ◆ Week front-loaded ahead of ECB meeting
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New issue concessions have climbed since July began, hinting that the market's easy run may be ending
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◆ Only euro IG corporate deal on Monday ◆ Issuer slashes the spread and increases size ◆ Single digit concession spotted
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Spreads have tightened across asset classes amid an expected dearth of primary issuance until early August
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No SSA mandates were announced on Monday, leaving the euro primary market facing its first empty week of the year
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Few sub-Saharan African issuers have issued Samurai and fewer without a guarantee
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◆ Treasurer says EDC 'purposely waited' for benign US CPI print ◆ Central bank share of dollar order book swings 10% higher ◆ Hedge funds at the table and 'have a role to play'
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Money centre banks pay to to land jumbo deals at sizes unheard of in euros
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'Dead quiet' few weeks will benefit issuers as excess bonds need absorption before issuance starts to ‘fire on all cylinders’ from August 17