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Sovereigns

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SSA
'Everyone is ready for summer to be over' as SSA wave builds for Monday
SSA
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
SSA
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
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  • SSA
    Bankers are saying that more A-rated emerging market issuers could tap the Swiss franc market throughout the summer after Corporación Andina de Fomento (CAF), rated Aa3/AA-/AA-, sold its second Swiss franc bond of the year on Tuesday. But they reckon lower rated names would not find the same demand.
  • SSA
    France and Spain brushed aside a series of bad headlines to breeze through a cluster of debt auctions on Thursday, as comments by US Federal Reserve chairman, Ben Bernanke on Wednesday night helped to boost market sentiment.
  • SSA
    The Republic of Uruguay has filed a shelf with the US Securities and Exchange Commission that will allow it to sell up to $5bn of bonds.
  • SSA
    Fitch has downgraded El Salvador from BB to BB-, just seven months after the Central American sovereign raised 12 year money at a yield of less than 6%.
  • SSA
    Portugal’s 12 month borrowing costs reached their highest level since October at an auction on Wednesday, just days after the sovereign’s debt office hinted at a return to regular bond issuance in the coming months.
  • SSA
    Mexico is expected to sell its first Samurai bond of the year later this month, following a recent roadshow. The Samurai market avoided the recent rates volatility that dollars and euros were subjected to, which has lead to a number of issuers eyeing trades in the format.