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The Federal Reserve may have delighted the SSA market with a surprisingly dovish tone on Thursday, but the public sector dollar market still faces many formidable obstacles to get deals away.

DCM bankers covering Brazil are hopeful that liability management exercises from financial institutions may provide them with something to do in the coming weeks as the new issue market suffers depressed volumes.

Bankers are preparing for a torrent of dollar high grade issuance after the US Federal Reserve voted to keep rates on hold on Thursday.

Buy and sell side credit traders expressed disappointment on Thursday, after the US Federal Reserve elected to keep interest rates on hold.

As derivatives markets girded for an FOMC announcement on Thursday, some traders said they were exhausted with speculation about the timing of a hike.

Levloan bankers expect an issuance boom after the announcement from the Federal Open Market Committee (FOMC) on Thursday that it would not hike rates in September, and some bankers say a future rate hike will also boost deal flow.

Covered bond issuers failed to take heed of poor market conditions and, just like lemmings, followed one another with poorly performing deals this week.

Emerging market bankers and investors greeted the US Federal Reserve’s decision to leave interest rates unchanged with relief and hope that issuers will be enticed in their droves to lock down funding before the prospect of rate hikes looms large again.

European syndicate bankers are preparing to navigate a trickier market next week as September's heavy supply begins to send new issue premiums wider.

The euro market is set to outshine dollars in the coming weeks, a pair of issuers showed this week as they demonstrated the depth available at the long end of the curve.

Municipality Finance is set to hit the road to showcase an upcoming debut in the additional tier one (AT1) market — and at least one other European agency could follow suit.

There was speculation this week among credit market participants that a recent high profile US legal settlement could open the door for a wider array of credit default swap clearing houses and exchanges. But firms at the heart of the battle refused to be drawn on whether the outcome could change the structure of the market.