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UK government can find direction by being determined on defence and green growth
Smaller orders, missing hedge fund bids as market exits ‘white-hot’ phase and soon to switch to holiday mode
◆ State’s pre-summer deal attracts €2bn book ◆ Maybe only one more deal to come on reduced needs ◆ 2bp NIP to start as issuer tries to ‘be fair to the market’
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More articles/Bonc comments/Ad
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◆ Deal follows last week’s $5bn five year ◆ Issuer pays its usual 2bp NIP ◆ Large SSAs race to get funding done
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◆ Issuer faces stiff competition ◆ First benchmark deal of the year ◆ Länder-KfW spread 'should be moving out again'
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◆ Usual intraday strategy serves issuer well ◆ ‘Very limited’ new issue premium ◆ Sister institution ESM still has €4bn to raise
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Volatility risk is still a real threat to public sector issuers and they were right to come back early to the primary market
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◆ Digital participation broadens after months of marketing ◆ Benchmark sizes a way off but remain the goal ◆ Settlement period shrinks
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The yen market has had a rocky month after the Bank of Japan raised interest rates
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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