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◆ Germany agency jumps ahead of full SSA reopening next week ◆ Bankers impressed by book size, tightening achieved ◆ First-mover advantage, 'not much concession' needed
High carry and stronger FX performance are drawing investors deeper into frontier markets
Month-long supply drought set to end with more issuers lining up for next week
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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 -
New issue concessions have climbed since July began, hinting that the market's easy run may be ending
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No SSA mandates were announced on Monday, leaving the euro primary market facing its first empty week of the year
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◆ Treasurer says EDC 'purposely waited' for benign US CPI print ◆ Central bank share of dollar order book swings 10% higher ◆ Hedge funds at the table and 'have a role to play'
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'Dead quiet' few weeks will benefit issuers as excess bonds need absorption before issuance starts to ‘fire on all cylinders’ from August 17
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