UK
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Volume figures released by major derivative exchanges for November show a marked rise over October's numbers, with some exchanges reporting record volume days in the aftermath of the US election.
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The UK Debt Management Office has picked a conventional Gilt with a tenor in the 40 year area for a syndication it added to its 2016-17 funding programme after November’s autumn statement. -
The Tanker FFA Brokers Association has elected a new chairman.
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Shares in Laird, the UK supplier of mobile phone parts to Apple and Samsung, fell by as much as 18% on Friday morning after it announced its intention to launch a £185m rights issue to reduce its leverage after a profit warning in October.
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Now in its 20th year, the Loan Market Association (LMA) faces tough paths to climb such as navigating the UK’s exit from the European Union, but the organisation is confident that its English law documentation will still hold its own.
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The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.
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Rising inflation expectations, as governments switch their focus to fiscal stimulus and central banks move away from extremely loose monetary policy, are boosting demand for inflation linked bonds. Opec’s agreement this week to cut oil production pushed demand even higher. But there are question marks over whether issuers will adapt their funding menus to satisfy the new appetite, writes Craig McGlashan.
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Barclays was looking to sell seven year senior debt from its holding company on Thursday, with the trade unaffected by the lender’s weak performance this week in the Bank of England’s 2016 stress test.
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The UK's United Biscuits is now rated B1 after a one notch downgrade by Moody’s on Thursday.
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Swedbank became the third non-UK issuer to launch a sterling covered bond since September with a rare five year offer on Wednesday.
