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 Kingdom of Spain took its capital markets revival up a notch on Wednesday with its first syndicated bond since March 2011. But rather than risk an entirely new issue, it took the unusual step of issuing a €4bn tap of its 5.85% January 2022 bond. With one senior SSA banker suggesting that the pricing tactics looked what could generously be called opaque, the tap may have taken the gloss off the Spanish comeback for now. -
Investors made a stampede for Dutch 10 year paper on Tuesday, placing €9bn of orders for a Dutch Direct Auction, allowing the issuer to print €1bn more than the minimum €5bn size. While the book was larger than on recent deals, the trade failed to excite real money accounts to the usual extent.
-
Canada’s $3bn five year global has established a new record in the dollar market as only the second issuer to price in single digits over the US benchmark in recent memory.
-
EuroWeek understands Canada is poised to launch its first dollar deal since September 2009. A five year bond is expected later today with pricing of around Treasuries plus 10bp to 12bp although some believe it could come as tight as Treasuries flat.
-
The Government of Canada has launched its first dollar deal since September 2009. The five year global bond is expected to be priced in the Treasuries plus 10bp to 12bp area although some believe it could come as tight as Treasuries flat. T+10bp would equate to around mid-swaps less 17.5bp effectively blowing last week's World Bank's record T+20bp, mid-swaps less 15bp result out of the water.
-
The euro SSA sector is becalmed by the pending debt disaster that is Greece and seemingly focused on LTRO-type transactions for Germany and domestically tailored product for France. A resolution to Greece’s debt mountain cannot be far away as Greece has a €14.5bn Eurobond redemption to meet on March 20 but there was still some – albeit specialised – new issue activity on Monday.
