Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
'Everyone is ready for summer to be over' as SSA wave builds for Monday
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
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
More articles/Ad
More articles/Ad
More articles
-
A bevy of sovereigns, supranationals and agencies are slated to issue next week to take advantage of the data and holiday-free session and the continuing imbalance of supply and demand. And while the hunt for yield is still rife and peripheral markets have steadied after the Cyprus debacle, as the International Finance Corp proved this week (see separate story), demand for safe haven assets remains plentiful.
-
The Kingdom of Spain kept well ahead of last year’s funding pace — when it front-loaded its issuance with heavy supply in January — with an auction on Thursday that overshot its maximum target by €310m.
-
Lebanon has mandated Fransa Invest Bank, Natixis and Standard Chartered for a potential return to the dollar market.
-
Colombia’s Congress on Wednesday authorised a $10bn increase in the amount of external debt the country can issue, although the sovereign is only planning to use $1.6bn of this extra capacity in 2013. The legislation lifts Colombia’s debt ceiling to $44bn.
-
The Austrian Federal Financing Agency could achieve an attractive 1.75% coupon with a skinny spread to swaps if it opts for a 10 year syndication this month, said SSA bankers on Monday, as the country cancelled an auction.
-
The Republic of Italy will have to finance an extra €50bn over the next two years, as a government plan to speed up debt payments to private suppliers and falling tax receipts put pressure on its budget. The news comes as the sovereign suffered a drop in its average debt tenor at the end of March.