Currencies
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Central bank meetings line up and swap spreads head towards record wide -
Dovish bias expected in first meeting since Russia invaded Ukraine
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Refinancing AT1s becoming less desirable or achievable as prices plunge
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Borrower finds demand for a tight opportunistic print
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Issuers print well through mid-swaps but are limited to bonds with defensive maturities
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Deals expected at the start of week ahead of central bank fortnight
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ZKB raised Sf160m with the second Swissie deal since Russia invaded Ukraine
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The short tenor proved a decisive factor in capturing bank investor interest
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Senior issuance returns with a 'dollar bias' as CBA and BMO mandate
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Sizeable deal could have been even larger had a shorter maturity been chosen
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Borrowers push hard against mid-swaps amid chunky Bund spreads
