Jérôme Margerin has left the MTN desk at Nomura, where he has worked for more than two years.

SSAs are turning to the MTN market to meet investor requests and to pick up some pre-funding in December, with the bulk of their funding needs for the year completed.

Appetite for 30 year callable zeroes in dollars has been bolstered by Donald Trump’s victory in the US elections and the resultant hike in bond yields around the world.

The European Investment Bank added a A$100m ($75.5m) tap to its August 2026 Kangaroo bond on Monday, before following up with its first Mexican peso trade since the US election.

The International Finance Corporation has launched its first short dated index linker, which it has designed to draw in funds from US retail investors.

The Polish government and a state owned development bank have both made a rare appearance in the MTN market.

MTN issuers and dealers have been dismissive this week of plans by the Financial Conduct Authority to prevent banks gaining league table credit from loss-making trades.

The words “unintended consequences of regulation” usually send a shiver down the spine of capital markets participants, but new US rules coming into effect next week are having the opposite effect for some public sector bond issuers.

French agency Unédic is looking to set a trend with its new medium term note format to replace its BMTN programme as the chosen vehicle for one to six year debt

Central bank policies are diverging like never before, with the European Central Bank and Bank of Japan setting deeply negative rates — and the BoJ attempting to influence the longer end of the curve — while the US Federal Reserve is on a rate rising path. That dynamic throws up opportunities and challenges for public sector borrowers, writes Craig McGlashan.

The volatility of the Mexican peso is causing investors to keep away from long term debt in the currency.

A former Bank of America Merrill Lynch vice president has joined Nomura's MTN team.