While the Thanksgiving period in the US slowed new issuance in the EuroMTN market yesterday (Thursday) and will do so again today, dealers continue to report steady flows in the vanilla and structured markets. ?Thanksgiving has knocked new business, but more generally November continues to be good and has followed on from the strong market we saw in October,? said one banker at a European house. ?However, Thanksgiving has proved to be a turning point in the market in past years so we will have to see if that happens again. But at the moment there is no sign of a material slowdown.?
November 26, 2004