Currencies
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Modestly sized short maturity and tap of existing debt picked as markets reel from ECB -
Issuer sidesteps macro noise to print with yield a fraction higher than two year Gilt
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Sovereign plans deal as eurozone periphery spreads widen on ECB comments
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No premium paid in outperforming Aussie dollar market
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Dealers now showing 1%-plus yields across the board
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European supranational plans new short five year and long tap in ‘first test’ of market since ECB meeting
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FIG indices hit their widest levels since November 2020 as sentiment sours
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Italian 10 year bonds at widest spread to Germany equivalent since summer 2020
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Analysts predicting ECB's APP net buys could end as soon as June
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US firm held at guidance as it re-opened FIG market in dollars
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Defensive deals preferred as firms pay up to 20bp premiums
