North America
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Province of Quebec has printed the first euro benchmark from a Canadian SSA since Ontario pulled a deal earlier this month. Though subscribed, the €750m 10 year deal was not the blowout bankers were hoping for and is indicative of a tough market environment.
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Options and futures markets in gold and other precious metals have paused in their recent rally, in advance of the Federal Open Market Committee meeting on October 27-28.
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A year after issuing its last euro denominated benchmark, Caisse Centrale Desjardins du Quebec (CCDJ) has mandated leads for a European roadshow.
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LCH.Clearnet Group, the clearing house, has appointed former Federal Reserve Bank of New York senior official Christine Cumming to the board of directors of its US operations.
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Nederlandse Waterschapsbank bounced back from a pulled deal last week to print its largest trade in any currency to date on Tuesday, as a Canadian province mandated for a euro deal. -
Despite a lack of enthusiasm over future earnings and concerns over problems abroad, stock options in the US have already returned to the low volatility range they inhabited before the late August spike.
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CME Group has launched an 'ultra' 10 year futures market product aimed at US rate hedgers and traders.
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US cruise ship operator Carnival Corp has announced that it will roadshow for a potential euro bond offering that would mark its return to the euro market after a nine year hiatus.
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Legal action being taken against US chemicals firm Chemours over health issues arising from water contamination has led to steep falls in its bond prices, but some market participants on Monday said they were confident the firm would recover quickly.
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Wells Fargo secured strong demand for its longer dated senior paper on Monday, making it the second North American bank to target euros after third quarter results were published last week.
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China’s BeiGene is eyeing a listing on the Nasdaq, with the drug maker tapping three banks for a $100m IPO.
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Markets may have contributed to falls in profits in the investment banking divisions of the US majors that reported third quarter results this week, but there were some silver linings among the clouds, including a year-on-year reduction in legal bills of billions of dollars between them.
