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'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’
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Denmark proved that Scandinavian names still excite investors despite rocky markets in Europe riddled with concerns about the latest phase in the Greek debt crisis.
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Denmark will look to print its first dollar offering in nearly a year on Tuesday, in a trade which will complete a set of recent dollar deals from the Scandinavian sovereigns which are active in the market.
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Republic of Slovakia made its first assault on the dollar market since 1998 on Thursday, pricing a 144a/Reg S benchmark late Thursday night. It was rewarded with a resounding success.
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The UK Debt Management Office hired four banks on Friday to manage a 50 year index linked gilt syndication scheduled for the second half of May.
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Poland sold a ¥25bn ($313.4m) May 2017 Samurai note on Friday, its second ever retail-targeted Samurai.
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Bank Nederlandse Gemeenten (BNG) this week returned to the Kauri market after 10 months to ride a wave of redemption-induced demand from European and Asian investors, in a move that may trigger more SSA deals in the currency.