Currencies

◆ Debt ceiling deal keeps issuers at bay ◆ US regional banking stress still affecting primary market ◆ Issuers tipped to front-load

◆ French Samurai issued across the capital structure ◆ Bank of Japan supports cheaper yen issuance than dollars ◆ HSBC lures yield-driven buyers with lower yielding senior bail-in foray

Food sellers face sharp bond market fallout if state-mandated profit caps occur

◆ Capped sales surpass expectations ◆ Fixed sizes could help as covered funders push out along the curve

Banks alleviate funding costs and diversify buyers as money market funds emerge from banking crisis

Investor diversification and duration lure issuers, but lower need for single currency and lack of arb will limit further issuance

Demand swells for both deals as investors snap up undersupplied green paper

Market thirsty for paper, though investors prefer defensive trades

◆ Bigger bid for longer tranche surprises those eyeing inverted yield curve ◆ Why long dated FIG bonds are outperforming ◆ Issuer’s remaining funding plan outlined

◆ Swiss bank introduces new bail-in structure ◆ ‘In-depth price discovery’ to reach final level ◆ Investors ‘get to grips’ with bail-in for issuer with no private shareholders

- Why capital trades work in a market that 'lacks conviction' - The investors that drove Novo's new tier two last week - Some hold out for extra yield

After Lloyds’ Permanent RMBS came through covereds, a repricing had been overdue