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Money market fund reform regulation that comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?

Deutsche Bank will begin a roadshow next week for a euro denominated tier two transaction, with uncertainty remaining over European authorities’ fondness for additional tier one as regulatory capital.

Italy’s scramble to prop up its weaker banks has halted a strengthening rally in periphery bank debt, while the softer tone has pushed core issuers back to the dollar market for capital.

Barclays and BNP Paribas became the first European banks to tap the Yankee market for subordinated paper for almost a month this week.

The European Central Bank's Targeted Longer-Term Refinancing Operation (TLTRO) is unlikely to affect covered bond supply by much this year, as the all-in cost of covered bond funding is likely to be cheaper for many issuers, say Crédit Agricole analysts.

Turkey’s sovereign curve widened between 5bp-10bp on Thursday after Turkey’s prime minister Ahmet Davutoglu agreed to step down, though bankers said the asset class was holding up versus equities, at least.

LBBW, OP Mortgage Bank and Mortgage Bank of Finland took little time to sell their benchmark euro deals this week.

Ukraine's Cabinet of Ministers has approved the issuance of new debt to complete the restructuring of its external sovereign debt. All that remains is for the country to reach an agreement on $3bn of debt owed to Russia.

Mendoza has joined Neuquén in the rush to become the first Argentine region to follow the sovereign’s recent $16.5bn bond market comeback and has mandated banks for a dollar bond.

Turkey’s sovereign curve widened between 5bp–10bp on Thursday after expectations that Turkey’s prime minister Ahmet Davutoglu will step down, though bankers said the asset class was holding up versus equities at least.

Italy’s scramble to prop up its weaker banks has halted what had been a strengthening rally in periphery bank debt last month, with the most recent deals all widening this week.

China risks facing a backlash from countries along its new economic Silk Road unless it is more transparent, warned leading experts this week.