United States
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The first quarter results of the major US firms show in detail just how painful the early volatility in the year has been, with double digit percentage point declines in multiple business lines.
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Bankers are predicting more than $100bn of corporate supply in the coming weeks as US corporates emerge from earnings blackouts to exploit near-perfect funding conditions ahead of an expected spike in volatility. -
Manulife Financial is set to kick off bookbuilding for its Singapore-bound $500m real estate investment trust (Reit) IPO next week, if feedback from investor education is positive.
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Chinese metals exchange operator Yintech Investment Holdings has opened books for its US IPO that could raise $109m, a source with knowledge of the deal told GlobalCapital Asia.
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Large flows coming into US credit have increased the attractiveness of CDX index options prices versus iTraxx, said market participants this week.
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A reversal in trading patterns last week sent the yen as low as ¥109.70 against the dollar, but recent trading has been driven by aggressive hedge funds unwinding long yen positions ahead of a Bank of Japan (BoJ) meeting in late April.
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Hong Kong-listed Samsonite International has wrapped up syndication of a $2.425bn loan for its acquisition of premium luggage maker Tumi.
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Wells Fargo quickly drew a large order book for a €3.5bn dual-tranche senior trade on Monday, as it became the first of the US banks to fund in euros after last week’s better than expected results.
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The Bank of England governor, Mark Carney, is not being allowed to stay out of the debate over the UK’s membership of the European Union, which is set to ramp up again this week.
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The Commodity Futures Trading Commission's Office of the Chief Economist has been accused of blocking studies on politically inconvenient topics.
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US investors have crowded into bets on higher volatility, just as stocks have begun to recover.
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NBTY, the US vitamins and nutritional supplements manufacturer owned by Carlyle, had bank meetings in London this morning for its $1.8bn refinancing package, with another scheduled for Monday in New York.
