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
-
The curse of the 10 year maturity for SSAs in euros was broken this week by the European Investment Bank’s highly successful €3bn EARN.
-
With investors scrambling for high quality paper offering some spread over swaps and Treasuries, a quartet of public sector rushed out blow-out deals in dollars this week.
-
Faced with cripplingly tight swap spreads preventing issuance in their preferred three and five year tenors at one of the busiest times of the year for funding, supranational borrowers are having to tackle a funding conundrum as they find themselves frozen out of the dollar benchmark market and unable to reach their core investor base of central banks — despite being among the best-rated credits on the planet.
-
The Inter-American Development Bank (IADB) on Tuesday pounced on recent healthy secondary Kangaroo market flows to print the first SSA benchmark in this format since August 8 — a A$400m ($417.9m) 3.5% 2017 deal.
-
Lithuania became the first triple-B rated sovereign to print Swiss francs since 2005 when it priced its debut trade in the currency on Wednesday — a long awaited Sfr175m ($188.6m) April 2018 transaction.
-
Spain exceeded its fund raising target in an auction of three and 10 year debt on Thursday, a week before Moody’s is expected to deliver its verdict on the sovereign’s rating and amid intense speculation that Spain will soon ask the ECB to begin buying its bonds.