RBC Capital Markets

A trio of issuers have lined up short end dollar deals for pricing on Wednesday. Some bankers said the focus on threes and fives was in response to poor US jobs data last week, although that view was not universal.

After five months of silence, corporate issuers have returned to the Kangaroo bond market as pent up demand provides a ready home for paper.

Royal Bank of Canada’s capital markets division reported a 7% year-on-year fall in profits in its second quarter results as trading and origination activity declined but strong M&A activity buoyed the division.

Province of British Columbia

A pair of issuers reopened the 10 year part of the dollar curve for sovereigns, supranationals and agencies this week, but despite both trades gaining plaudits there is still scepticism over whether a $2bn-plus sized deal is possible.

DBS Bank in Singapore this week issued its first deal in Australian dollars, the first covered bond from an Asian lender and the first benchmark sized Kangaroo covered bond of the year.

KommuneKredit grabbed the first chance of the week to print five year dollars while other public sector issuers are set on 10 year deals.

New issue premiums in the European corporate bond market widened further on Monday , as all three issuers that printed paid elevated concessions for their deals.

Singapore's DBS is looking to expand its covered bond investor base and has now set its sights on an Australian dollar offering.

There was a steady stream of sterling deals in the supranational and agency market this week, amid confidence that volumes will keep up until the UK’s referendum on European Union membership is imminent.

Landesbank Baden-Württemberg has issued the first European covered bond denominated in dollars this year, boding well for further supply from European banks in the currency.

Export Development Canada sold its largest bond in sterling in over two years on Wednesday as investor appetite for the currency showed little sign of abating.