Pre-migration untagged articles

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, self-led deals and issues with a term of less than 365 days.

Dollar swap spreads blew out by around 4bp going into the close yesterday (Thursday) for reasons that were not entirely clear.

After several hours of bookbuilding on Wednesday, Swedish Covered Bond Corp was forced to pull, at least temporarily, the short four year euro benchmark deal that it had expected to launch this week.

An air of despondency settled over the Swiss franc bond market this week, after last week showed promise, with five varied and well executed deals in testing market conditions.

Wasserstein slams the Street

The UK government’s attempt to broaden its range of covered bond issuers gained further momentum this week, with Skipton Building Society registering a variety of entities necessary for covered bond issuance last Friday (May 30).

WestLB reported what looked like impressive first quarter profits this week, but were helped by the sale of structured securities that disguised a fall in year on year profits.

It has been on the cards for a long time, but it still came as a shock: Moody’s said on Wednesday that it is likely to downgrade both Ambac and MBIA, and then yesterday Standard & Poor’s went one step further and reduced both to double-A.

Credits drawn from the financial services and banking sector continue to be the most heavily traded in the US credit default market, according to data released this week by GFI.

NordLB priced a new Eu1bn five year jumbo Pfandbrief at the tight end of guidance on Tuesday after bookbuilding strongly on Monday, continuing the momentum from last week before the market was arrested by the postponement of the Swedish Covered Bond Corporation deal.