Europe
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◆ Summer trade rewarded peak orders of five times deal size ◆ Deal lands through fair value at 33bp over mid-swaps ◆ Euro IG credit spreads reach new tights -
Company looking to become a frequent face Down Under
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More steepening expected for both govvie and swap curves for rest of 2025 as crucial date for Dutch pension reform draws near
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New issue premiums to be small or negative
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SLL issuance is down this year but the decrease has narrowed, helped by June and July issuance
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After two weeks of snoozing, the market is about to kick off its boots and get running
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HQLA investors have reallocated away from covered and into SSAs
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Sovereign aspires to stay active in euro market to fund foreign reserves and set benchmark for Icelandic issuers
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Major deals needed to draw attention back to sterling as billions flows out of IG funds
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The BoE's new MREL regime will be transformative for the UK's smaller banks
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Club-style PP helps issuer sidestep summer execution risks
