Euro
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Central bank meetings line up and swap spreads head towards record wide
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Dovish bias expected in first meeting since Russia invaded Ukraine
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Refinancing AT1s becoming less desirable or achievable as prices plunge
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Issuers print well through mid-swaps but are limited to bonds with defensive maturities
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Deals expected at the start of week ahead of central bank fortnight
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The short tenor proved a decisive factor in capturing bank investor interest
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Senior issuance returns with a 'dollar bias' as CBA and BMO mandate
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Borrowers push hard against mid-swaps amid chunky Bund spreads
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More expected as eye-popping Bund spread lets issuers push deep through mid-swaps
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Sovereign cruises through difficult week in the markets