Top section
Top section
◆ Intraday trade, quick execution ◆ Deal came ahead of Moody’s France review ◆ ‘Good window’ also considering OAT auctions next week
Korea Land and AIIB pick off small Swissie trades
Busy and ‘euro-heavy’ week ahead but dollar pipeline also building with issuers set to bring forward bond plans
Data
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◆ German agency deal not fully covered ◆ ‘Today wasn’t a good day’ for SSAs ◆ Question on screen levels
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◆ First euro deal for decades ◆ Tightened 2bp despite small book ◆ Break with previous issuance pattern
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◆ No book updates given ◆ German peer suffers the same fate ◆ Screen levels may have led to undersubscription
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Supplementary budget might see Länder use late November window
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◆ First 10 year plus sterling deal outside of UK issuance for years ◆ Pricing will appeal to bank treasuries despite tight level to Gilts ◆ Third 2024 World Bank sterling trade
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Different swap spread dynamics clearly at play in the two markets, PMM data shows
Sub-sections
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
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