Euro
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Primary market for public sector unlikely to see large transactions until after Easter, reckon bankers -
War uncertainty and volatile rates have halted European unsecured bank issuance in euros
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New deals appear in euros and dollars after substantial dollar issuance last week
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Poste will not borrow for the cash component
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Market participants pray for no negative news overnight in hope of ‘pre-Easter wave of issuance’
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Former corporate’s green deal will be first under new state guarantee regime
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Defaulting to dollars in volatile times denies the euro market the resilience it needs
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European Central Bank's more 'balanced' tone may offer reprieve for bond execution
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Middle East conflict alarms investors, though money is still plentiful
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Shrinking books 'nothing to complain about' as market values quality not quantity
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Inflation fears and rate volatility keep euro issuance at bay
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Better cost and less execution risk convince issuer to stay in euros, but at least one dollar benchmark to come this year
