US money market fund investors are applying a more bullish approach, with $20bn of cash returning into prime and alternative money funds from government funds since November 2016, according to Fitch.

Asian Development Bank will issue its first green bonds in the Uridashi market in May, with Daiwa Securities as dealer.

World Bank sold a €90m zero coupon 40 year bullet MTN towards the end of last week — its longest ever non-callable deal.

The SSA market is “breathing a sigh of relief”, according to one SSA syndicate banker, as this week's hotly anticipated Netherlands election produced the result capital markets bankers were hoping for.

Short dated US dollar floating rate notes proved a popular product in the MTN market this week as some investors sought protection against a likely policy rate hike.

Municipality Finance this week enjoyed a boost to its plans to term out its funding, as an investor placed a reverse enquiry order for a record breaking long dated euro note.

Cassa Depositi e Prestiti has sold €300m and €150m notes late in February, despite dealers reporting an overall lack of MTNs in the market.

With hotly contested elections approaching in France, the Netherlands and Germany, 2017 is expected to be rife with political risk. So skittish investors, wary of committing funds for long periods, will pump cash into money market funds, says a Moody’s report.

The MTN market is rapidly making up for a sedate start to the year with a flurry of niche currency trades, including the world’s first bond in Myanmar kyats.

The Autonomous Community of Madrid has hit the long end of the curve with a 20 year private placement for its first deal of 2017.

Origin, an electronic platform for private placement issuance, went live on Monday. While some dealers believe the system may be too costly for the service it provides, the market abuse regulation (MAR) could make the system more valuable.

The market for medium term notes is expected to come to life over the next few weeks after a subdued start to 2017, with some bankers and issuers touting floating rate notes as the next big thing.