Euro

◆ New issue premium 'as expected' say bankers away ◆ Infrequent issuer gains from 'improved market conditions' ◆ Orders increase through bookbuilding

ADB also issuing in sterling as participants expect more issuance

Books modest but market still open after Trump assassination attempt

◆ Well funded banks in no rush to print ◆ Reporting season, summer holidays dampen supply ◆ 'One or two' frequent names could still print

◆ US bank starts sector's euro issuance wave as JPM opens dollar supply ◆ Wells maximises funding in first euro outing in over four years ◆ Others may follow

◆ German CRE concerns have receded ◆ Investors 'happy to buy again' ◆ Pulled Athene deal is a warning: 'don't be greedy'

Investors snap up fresh bonds as volumes tipped to fall to trickle

The FIG primary market reopened this week after the conclusion of the French parliamentary election but it has emerged that not every issuer is returning to a rapturous response

Concerns rise that the barrier to re-entry is too high for other storied issuers

More deals expected in the coming months as conditions improve

Only companies with their backs against the wall will accept paying so much more spread than peers with similar ratings

◆ US insurance company starts marketing at 'sensible' IPT, says one banker off-deal ◆ But others say it was 'aggressive' ◆ They attribute change of sentiment and relative value difference to US dollars for pulling the deal