Sarah Ainsworth

FIG

Nomura begins euro curve build as issuers and investors shift from dollars

◆ Japanese bank returns to euro market after many years ◆ Global asset managers reducing US dollar exposure ◆ Euro issuers facing increased competition

Sarah Ainsworth, May 21, 2025

People and Markets

Rare Bloomberg outage delays European primary market execution

Deals across asset classes are back on track after unusual marketing extension

Atanas Dinov, May 21, 2025

FIG

Aviva prints rare euro tier two to find price-sensitive investors

◆ UK insurer makes rare visit to euros ◆ Signs of growing investor discipline ◆ Groupama tier two was 'good trade'

Sarah Ainsworth, May 20, 2025

SSA

ESM begins clearing swaps at Eurex, other SSAs to follow

◆ Second phase could be novation of ESM's €74bn existing portfolio ◆ Dealers eye Eurex-LCH CCP basis ◆ Eurex reports 'significant onboarding' from investors ahead of Emir deadline

Sarah Ainsworth, May 19, 2025

FIG

Barclays Bank on Market street Manchester city centre UK

Barclays turns to home market as more AT1s surface

◆ Views vary on new issue premium ◆ Sterling market revived this week ◆ AT1 flurry extends

Sarah Ainsworth, May 16, 2025

Corporate Bonds

Close up Detail of a 100mg Sildenafil Citrate Pfizer Viagra Pill on silver background

FIG and corporate issuers battle for buyers as US companies drain euro bid

Asset class war breaks out as FIG market complains Reverse Yankees are stealing investors away from their deals

Mike Turner, May 15, 2025