North America
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In this round-up, London overtakes Singapore as an RMB hub, foreign ownership of onshore RMB assets picks up, QDII products see further growth, and the US and China plan June economic meeting. Plus, a recap of our top stories this week. -
Dollar FIG volumes caught up with last year’s levels this week, after completing a dramatic turnaround with the help of a flurry of bank issuance in April.
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BP and Philip Morris ensured a strong end to the month for the US high grade bond market with benchmark trades as they caught a market crying out for supply following quarterly earnings blackout and the April meeting of the Federal Reserve.
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Markit and the International Swaps and Derivatives Association have offered concessions to the European Commission in the hope of settling an EU anti-trust investigation into credit default swap trading.
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Ullink, the trading technology and infrastructure company, has begun providing direct connectivity to trueEX, an interest rate swap execution facility.
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China’s Yintech Investment Holdings closed unchanged on its first day of trading on the Nasdaq on Wednesday, after pricing its $101.3m IPO at the mid-point of the range.
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The Province of Quebec has returned to the medium term note market after a long absence, printing in Hong Kong dollars.
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Dollar-yen currency option prices have risen sharply this week in line with shifting expectations for the Bank of Japan meeting on Thursday, after details were leaked by anonymous officials of a possible negative loan rate to encourage banks to lend.
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Liberty Mutual Group was having a second stab at its first ever benchmark issuance of euro senior unsecured bonds on Tuesday, having conducted a roadshow in 2015 for a print that did not materialise.
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A rally in US equities has led to the largest build-up in short VIX futures positions among hedge funds in at least a year, according to data from the US Commodity Futures Trading Commission.
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JP Morgan paid a negligible premium for a 10.5 year euro senior unsecured deal on Monday, as it became the last major US bank to issue following earnings.
