Currencies

Spreads over Treasuries are tight but hope is that ‘others will follow’

◆ Dutch bank pays slim premium ◆ Defensive trade ticks several boxes ◆ Three to five years 'a sweet spot' for investors and issuers

◆ More supply expected this week ◆ Iccrea lands 2bp back of fair value ◆ Issuer's first deal for 11 months

Belgian family company is buying Délifrance and a business from Bunge

◆ Share price has fallen this month ◆ No sign of investor worry in primary bond market ◆ Shorter tranche was more popular

◆ French bank finds window between market reopening and potential heightened new supply next week ◆ Five and 10 year senior preferred tranches its first in euros this year ◆ Longer one outperforms in both demand and pricing

◆ Tightens 1bp and takes $750m ◆ Bankers still waiting for fixed rate benchmark ◆ Sterling issuance in play

Issuer finishes raising €4bn for this year after 'very different execution', with more — maybe longer — supply to come

Being ‘flexible and fast’ proves key for public sector issuers amid uncertain market backdrop

Direct lenders take the initiative as banks step back

◆ BofA taps market with a perp in post-earnings appearance ◆ Varied issuance from US and Japanese insurers ◆ Citi the only large US bank not to have issued in dollars after quarterly results

Pipeline still bottled up but deals could flow once first issuers shake themselves out