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New issue premiums in recent weeks were lower compared to the highs after the Iran-US conflict began
◆ Only 4bp paid over theoretical new KfW ◆ Länder bonds continued to be seen as expensive ◆ Will bank treasuries switch to EIB from Länder?
Mandates from Eurofima, Germany, Wallonia and the Free State of Thuringia
◆ Pricing was tricky after Hamburg’s recent five year ◆ Is 7bp the new magic number for Länder? ◆ Five year demand lacking, Thuringia to test 10 year
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Finnish borrower satisfies higher measures to be considered a regional government by Eurosystem
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Small, nimble trades set to typify SSA market as year draws to close
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Deals to provide further test of investor appetite amid concerns of tighter monetary policy
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Seasonal fatigue kicks in but SSA pipeline continues to build ahead of Thanksgiving
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Central bank to avoid raising rates next year due to "subdued" inflation outlook
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Trading levels given are bid-side spreads from the close of business on Monday, November 1 (unless stated otherwise). The source for the data is ICE Data Services.