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  • The speed with which sterling sub-sectors have switched their benchmark rate from Libor to Sonia has been astonishing. There’s still some way to go, particularly in the corporate market, but the transition, which looked almost unassailable in 2017, might just be done on time.
  • The European Central Bank launched a six week market consultation on Tuesday concerning the European Distribution of Debt Instruments (EDDI) project — an initiative that aims to change how bonds are issued within the eurozone.
  • JP Morgan has reorganised its frequent borrower primary markets desk with a series of internal promotions, GlobalCapital understands.
  • As the newly elected European Parliament and member states are just starting talks on who the next European commissioners will be, the Commission’s administration is already working on a draft strategy for the next five years.
  • The head of the MTN desk at a major US bank is relocating from London to Paris.
  • JP Morgan picks levfin top brass — Ex-Barclays boss turns up at Wells Fargo — Fixed income portfolio manager leaves Mirova.