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Cracks emerge in underlying quality as banks appear to teeter further into cautiousness
Issuer has set the stage for peers to return to public market
Uneventful ECB passes as SSA bankers say bigger risk is energy shock lasting into August reopening
The trade may persuade other top-tier GCC sovereigns that the public market is open
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The sovereign is focusing on price, not size -
John Healey resigned because the money was not there for defence. It may not be there for anything
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◆ One chancellor in, one unfunded offset spotted already ◆ UK defence equities gain, but Gilts wait ◆ Wages do the Bank of England's work
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Spreads have tightened across asset classes amid an expected dearth of primary issuance until early August
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Market is in good shape, but will not stay that way if war drags on over summer
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Restructuring of €316m deal from 2021 is likely
