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Bankers active in the European equity block trade market fear this week may bring little activity, as looming earnings blackouts and unceasing volatility in stocks continue to discourage owners from selling shares.

The International Swaps and Derivatives Association will tighten up the rules governing members of its Credit Derivatives Determinations Committee as it looks to strengthen the process for deciding whether credit events have occurred.

Traders in yen futures may have overreacted to the growth concerns in China, data from the US Commodity Futures Trading Commission (CFTC) has suggested.

German Länder yields are expected to fall in the wake of the European Central Bank's announcement that sub-sovereign issuers are to be included in its asset purchase programme.

General Mills, the US food company, on Monday became the second issuer of the year in the European corporate bond market, printing a €500m floating rate note.

Spain has mandated for its first deal of the year, but the sovereign has taken the rare step of bringing a syndication in the same week as it is holding auctions.

ISDA has extended until Friday its deadline to rule on whether Novo Banco has triggered a credit or succession event, after a fourth successive day of grappling with these questions failed to achieve an answer.

Both KfW and the Council of Europe hit the books in sterling-denominated deals that raised £300m apiece.

Kommuninvest and Oesterreichische Kontrollbank are set to bring deals at the short end of the dollar curve on Tuesday — by which time leads are hoping Monday’s turbulent swap spreads will have calmed.

A bevvy of public sector borrowers are lining up euro deals for Tuesday and beyond — but some are opting to hold back price thoughts amid a cluttered and volatile backdrop.

Shire has signed an $18bn loan with two underwriters to fund the cash component of its $32bn acquisition of Baxalta, a pharmaceuticals company specialising in rare diseases. Syndication of the loan will begin swiftly, according to bankers familiar with the transaction.

Infinitas, the educational publisher, will hold bank meetings on Thursday for a €435m senior secured debt package backing its acquisition by Compass Partners from Bridgepoint.