Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
◆ €18bn blockbuster executed in June ◆ Book size and quality both comparable to January ◆ Greece, Sweden to conclude sovereign pipeline for H1
◆ Lead points to high-quality book ◆ Subscription ratio slips from prior tap ◆ Maturity had 'pretty clear consensus'
‘Very normal market’ despite ongoing war and volatility to support another wave of new issues
Bankers say the ambition to price the first SSA bond through US Treasuries has faded as recent five year deals stall and barely perform in secondary
More articles/Ad
More articles/Ad
More articles
-
Italy had the strongest auction result of the week in its third bond sale in as many days on Thursday. The yield on its 10 year paper fell just 1bp month on month, despite its benchmark 10 year yield being higher than a month ago. Technical factors in the repo market may have been behind the drop in yields, said analysts. -
The Socialist Republic of Vietnam is back in the bond market after a four year break and hopes investors will agree to swap out of a costlier deal issued in 2005.
-
Italy is set to take a hit on its funding costs at an auction of medium to long term bonds on Thursday, as the sovereign has failed to fully recover from a violent jump in yields two weeks ago. If yields rise as analysts expect, it will be the third day in a row that Italian funding costs have risen at auction, following a bill sale on Wednesday and an offering of zero coupon and inflation linked paper on Tuesday.
-
Slovenia on Tuesday was able to ratchet in pricing on a long seven year benchmark — which is for pre-funding — by 15bp from the initial price thoughts level to price with a new issue concession of just 4bp.
-
The UK Debt Management Office was able to attract its largest order book in an ultra-long syndication during an hour long book build on a tap of the 2068 Gilt — despite the tap coming at a sub-3% coupon and following weeks of volatility in the Gilt market. The deal leaves the UK DMO with one syndication left this financial year.
-
