Sovereigns

  • UK picks week for 2071 tap

    UK picks week for 2071 tap

    The UK Debt Management Office has chosen the week for its fifth and final syndication of its 2019/2020 financial year.

  • Spain breaks euro book record amid perfect storm

    Spain breaks euro book record amid perfect storm

    While every eurozone country that sold a new syndicated bond this year has received strong demand, Spain outshone them all this week by taking the biggest ever order book in the bloc.

  • Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley more than doubled its revenue from fixed income sales and trading in the fourth quarter of last year, completing a stellar set of earnings for US banks in that business after a year in which they appear to have cemented their dominance in Europe.

  • Italy and Belgium books soar as records keep tumbling

    Italy and Belgium books soar as records keep tumbling

    Italy and Belgium were the latest eurozone sovereigns to build their largest ever order books for syndicated bonds on Wednesday, with the former coming close to breaking the record demand from a eurozone issuer set by Spain on Tuesday.

  • Perfect storm drives record SSA order books

    Perfect storm drives record SSA order books

    A combination of factors are driving colossal demand for new issues in the public sector bond market, with Spain setting a new landmark on Tuesday with the largest ever order book in the eurozone.

  • Underwriting, fixed income revenues grow at JPM and Citi

    Underwriting, fixed income revenues grow at JPM and Citi

    JP Morgan, Citi and Wells Fargo kicked off the fourth quarter earnings season for investment banks on Tuesday, showing momentum in underwriting revenues and fixed income trading, while advisory fees and equities trading stumbled.

  • Finanzagentur sure green Bunds will be liquid

    Finanzagentur sure green Bunds will be liquid

    Germany’s debt management office, the Finanzagentur, is confident its green bonds will be liquid when the first issue is launched in the second half of 2020 and has high hopes that they will trade tightly relative to ordinary Bunds.

  • Euro SSA market reopens with a bang

    Euro SSA market reopens with a bang

    The euro public sector bond market kicked off in style this week as investors put cash to work following a lack of supply in the fourth quarter of 2019, fuelling record book sizes and minimal concessions.

Sovereign news archive