Currencies
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◆ Bund trades 'risk-off' amid tariff caution ◆ EGB secondary hindered by summer illiquidity ◆ SSA issuance expected via taps and MTNs
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◆ Order book lifts size to €600m ◆ Deal lands flat to fair value ◆ US credits enjoy brisk summer sales in Europe
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Company's core lenders provided loan for development pipeline
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Issuer reaps ‘pleasant and unexpected reward’ from new NZ dollar deal
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Appetite for long‑dated MTNs firm in quiet summer market, say bankers
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Issuers pile in to market near multi-year tights
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Hundreds of billions of euros of joint debt needs to be agreed upon before 2028, but many questions unanswered
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Budget induced volatility could push OATs above covered spreads across the curve
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Lull in issuance imminent but searing hot market could entice more borrowers before party ends
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Strong corporate demand bodes well for the rest of the credit market
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◆ Expectations for ECB rate cut decline ◆ August 18 issuance restart expected ◆ Dollar pipeline builds as Japan SSAs 'cheap'
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One major bank has underwritten three infra deals in the last week