Euro
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Flood of cash came into the deal early on due to pent-up demand -
Riskier trades fly after JP Morgan stretches maturities beyond defensive short end
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Higher yielding deals fly as Deutsche prints subordinated debt and Credit Suisse stretches to 10 years
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TD issues the first euro five year Canadian deal in six weeks and its first euro deal in two years
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Investors keen to buy bail-in paper from JP Morgan and Sabadell
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Bankers disagree over whether last buying days of Pepp will prompt rash of deals
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Short dated deal attracts rare insurance and corporate investors
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Hopes that trade could encourage other ECB ineligible issuers to come
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Market looks to defensive structures as it digests ECB announcement
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UBS and Crédit Agricole pay elevated premiums for three year debt
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Banks will have to offer concessions of up to 20bp if they want to re-open the euro unsecured market
