Sterling

◆ Six year note from US automaker ◆ Order book lifts size to £400m ◆ Spread tightened 18bp inside the tight end of initial thoughts

◆ MetLife, Northwestern restart sterling issuance after two-month hiatus ◆ Corporates print as supply scarcity, redemptions create demand for credit ◆ Others beyond highly rated FABN unlikely to join

Private credit investors say market is back on track after tariff shock of second quarter

◆ Water company tests demand in a troubled sector ◆ Deal size increased to £450m ◆ Spread tightened 15bp inside the tight end of initial thoughts

Large loans expected to help meet sizeable capex needs

◆ Issuer takes 'pragmatic approach' ◆ Premium paid debated ◆ Bank treasuries target key level

Major deals needed to draw attention back to sterling as billions flows out of IG funds

The BoE's new MREL regime will be transformative for the UK's smaller banks

Major private credit investors aspire to more as funding from private debt seeks to go mainstream

Private credit is muscling in on investment grade credit. But the acid test will be whether it can compete on price

Seasonal slowdown sees demand cluster in one to six year vanilla private placements

Hints about quantitative tightening could be the main focus