Issues
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◆ Low concessions paid in the first part of the week ◆ Market tone worsens after US downgrade and rates volatility ◆ Wells Fargo chooses quick return for opco funding -
Subsequent refunding announcement triggers Treasury sell-off
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Data centre companies will need to finance the expected vast new infrastructure
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◆ Old Discos no longer attractive capital or funding tool ◆ But multiple AT1s also called with no signs of replacement ◆ UK banks well capitalised
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Most sovereigns have light near-term maturities, meaning investors would rather they show patience
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The Euro Stoxx Banks Index has now recovered most of its losses following Silicon Valley Bank's collapse in March
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BAT, Mercedes-Benz and Daimler Truck head over the Atlantic for dollars
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Investors’ need for duration adjustment drives long dated print to double digit negative spread
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Fitch’s shock downgrade of the US has spooked equity markets
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The Canadian bank is beefing up in Europe at a pivotal point in the execution of its strategy
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Borrower to cast wide net after completing over half its annual funding task
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Already more big deals than last year, but numbers pale against recent averages
