Featured FIG
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Currency's higher yielding appeal has lured investors across the capital stack -
Issuers seizing moment as rates stabalise and spreads hold near historic tights but some deals betray signs investors growing sensitive on price
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Less frequent issuers making the most of market with strong bid for yieldy assets
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Borrowers want to issue and spreads are tight, but execution windows are very unreliable
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Tightening absolute and relative valuations have raised some concerns, but FIG assets remain in vogue thanks to higher rates
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Funding across all parts of the capital structure is available with issuers likely to prioritise unsecured borrowing
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With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
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Banks could rush to issue as fast as possible, taking advantage of remarkably tight spreads
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Growing pipeline and fiercer competition had threatened to shake the darling bonds of May
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Uncertainty in Middle East peace negotiations may reignite alarm, but investors remain willing as long as issuers pay to play
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Tweaks to trading book rules will be next stage of competition
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Come May, current dollar market's gain may turn into euro pipeline's pain
