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◆ EIB back in euros after three months ◆ 'Huge demand' leads to unusual spread move ◆ Steep curve from five to long five years
◆ 'More defensive' five year tenor works well ◆ Record non-German demand, central banks show hands ◆ Länder-KfW spread 'at a good place'
◆ Austrian agency benefits from rarity ◆ Two five year deals go head to head ◆ Tighter spreads by all metrics
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The European Central Bank is not expected to sketch out the future of its Pandemic Emergency Purchase Programme (Pepp) until the fourth quarter of 2021, according to analysts.
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The Asian Development Bank began preparing issuance in both the Kangaroo and Kauri markets on Monday, with the latter set to mark its second gender bond in New Zealand dollars.
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Guarantor: Federal State of North Rhine-Westphalia
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The European Central Bank made a bold change to its monetary policy on Thursday, effectively pushing any prospect of interest rate hikes into the distant future, making them unlikely before the middle of the decade. Frank Jackman, Lewis McLellan and Burhan Khadbai report.
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Communication is the only real policy tool where the European Central Bank still has wiggle room.
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