Top Section/Ad
Top Section/Ad
Most recent
◆ New bond priced before state election, far-right AfD leads polls ◆ JLM orders help carry deal across finishing line ◆ 'Fair' pick-up over Bunds but KfW spread ‘relatively tight’
◆ 'More defensive' five year tenor works well ◆ Record non-German demand, central banks show hands ◆ Länder-KfW spread 'at a good place'
Month-end buying from investors in secondary market to determine backdrop for next wave of issuance
◆ First 10 year Länder bond post-summer ◆ Pricing was fair versus KfW ◆ More diversified book than before
More articles/Ad
More articles/Ad
More articles
-
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of busiess on Monday, June 28. The source for secondary trading levels is ICE Data Services -
The blockchain firsts in capital markets are coming quickly. DZ Bank is marketing a corporate Schuldschein that will run back office functions on a blockchain for the entire duration of the trade — the first time this has been done — while Société Générale’s subsidiary Forge is working on various permutations of trades to be issued using this form of distributed ledger technology. While blockchain tech is still in its infancy, it is set to disrupt capital markets, creating winners and losers.
-
Tuesday's 10 year benchmark new issue from the EU may have widened in the secondary market on Wednesday and Thursday but with the ECB able to buy the deal from Friday onwards, spreads look well supported, said traders on Thursday.
-
Confidence in the rates and covered bond secondary markets improved on Tuesday in the wake of a strong performance in the EU’s debut Next Gen deal, despite an initial wobble when the deal weighed in at €20bn, which was larger than expected.
-
The EU wheeled out the first syndication for its €800bn Next Gen funding programme on Tuesday. The deal marks the start of a borrowing programme of remarkable size that has taken much planning. But it also marked the start of the EU paying lower underwriting fees than have been standard in the SSA market for a decade. The EU's decision sparked controversy in the market between banks and other borrowers looking to do the same. GlobalCapital takes a look at what is at stake.
-
An ECB meeting on Thursday that delivered what traders had predicted meant there was little volatility in the rates market that afternoon. With a glut of supply about to come from the EU, one trader predicted spread tightening may follow the bellwether trade.
