TD Securities

Even French presidential election not enough to take investor focus from central banks

Rare FRN structure is not enough of a selling point to move spread during bookbuilding

First FRN of the year as fixed rates lose their competitiveness

Long end of dollar curve tricky place amid Fed tightening

New issue premiums shrink narrow as market confidence returns

Stable market conditions see concessions on senior bail-in debt moving closer to 10bp

SSAs use sovereign benchmarks amid rates volatility

Asian Development Bank and IDB Invest lining up trades

Toronto-Dominion Bank has refreshed its senior unsecured debt profile in sterling. The £1bn trade inserts a foreign name in the UK market after NatWest Group re-opened it last week, four weeks after it closed abruptly following the Russian invasion of Ukraine on February 24.

Debut deal to spark further labelled debt development in the country

Germany agency deal limps over the line as long duration euros remain a tough sell

Issuer braves soaring inflation print and government spending statement