Currencies
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FIG borrowers want to issue debt quickly, before the January window closes
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Labelled financial issuance to set to hit €110bn in 2022
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Demand far outweighs supply in currency headed into second week of year
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Attractive arbitrage on offer in Swiss francs for international funders
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Smaller order books but more asset managers expected beyond 10 year maturities
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Demand at a range of maturities shows issuers just how many options are available
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Banks are anxious to fund as rates concerns and heavy supply cloud market backdrop
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Investor shift comes as ending Pepp and soaring volumes pressure spreads
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Investors prefer something shorter given the rise in Swiss long end rates
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Dollar investors have money to spend as rate rises near
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Washington supra adds to £4.6bn pile of evidence that sterling market has further to run