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Smaller orders, missing hedge fund bids as market exits ‘white-hot’ phase and soon to switch to holiday mode
◆ Japanese agency squeezes out concession on $1.5bn 10 year ◆ Zero new issue concession ◆ Flat curve, longer duration
Head of funding Jochen Schader says strong promotional lending has pushed the 2026 target above €15bn, as the agency caps its dollar programme before the summer
Issuer leaves more NIP than earlier this year, as order sizes shrink after busy May and June
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Market paying close attention to EU issuance plan
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Tight deals are available for funders looking for diversity — and SSAs should take note
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Two German issuers each took planned €500m from oversubscribed books on the same day as the sovereign
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Quality name and tenor drove demand as French agency snaps up Sfr275m
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Capital markets need a strict code of conduct for using GPT bots
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Supranational extends duration at a competitive cost to dollars